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AT&T completes $2.5B Iusacell acquisition

AT&T has completed its $2.5 billion acquisition of Mexican mobile operator Iusacell from Grupo Salinas, first announced in November, and has named F. Thaddeus Arroyo to lead Iusacell as its CEO. Through the acquisition, AT&T plans to create the first-ever North American …

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ZTE set for full year profit hike

ZTE expects its 2014 profit to almost double, bolstered by growth in its domestic 4G business as well as its international handset sales. In preliminary results issued today, the company reported a profit attributable to shareholders of CNY2.64 billion (US$424 …