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| Type | Public |
|---|---|
| Founded | March 29, 2000 |
| Headquarters | Montes Urales 460, Col. Lomas de Chapultepec, Del. M. Hidalgo, 11000. Mexico, D.F., Mexico |
| Key people | Ricardo Salinas Pliego (Chairman) Gustavo Guzmán Sepúlveda (CEO) Jose Luis Riera Kinkel (CFO) |
| Industry | Telecommunications |
| Products | Wireless Telephone Internet |
| Parent | Grupo Salinas |
| Website | www.iusacell.com.mx |
Grupo Iusacell is Mexico's #3 mobile operator. The company provides cellular services reaching about 90% of Mexico's population, including Mexico City and received more licenses to cover the remaining regions in early 2005. It has more than 3.5 million subscribers (67% are prepaid). The company also offers local and long-distance telephony, messaging services, mobile television and wireless broadband services (BAM) over the only 3G nation-wide network in Mexico. Verizon Communications and Vodafone Group together acquired 74% of the company in 2001 from the Peralta family, which founded Iusacell in 1987. But following Iusacell's default on debts, the two companies in 2003 sold their stake to Ricardo Salinas Pliego's Movil@ccess in a deal valued at $7.4 million.
In June of 2003 a Movil@ccess (Movilaccess) of Grupo Salinas, extended a tender offer to purchase the control of Grupo Iusacell’s stock, by the time Grupo Salinas already own a mobile phone company, Unefon, but the other major stock holder of Unefon, Grupo Sada, disagree in the purchase of Iusacell because of the debt and low profit problems. The former controlling shareholders of Grupo Iusacell (BMV: CEL: Latibex: XCEL), Verizon and Vodafone, agreed to tender the entirety of their Iusacell stock, which resulted in the acquisition of a majority interest by Grupo Salinas.
In March 2007, Grupo Iusacell agreed to merge with Unefon Holdings, another company of Grupo Salinas. Unefon Holdings is the holding company owner of the capital stock of Unefon, wireless telephony operator focused on Mexico’s mass market. From the integration process, Grupo Iusacell remains as the merging company and Unefon Holdings as merged.
The new company is born with more than 3.4 million subscribers—equivalent to approximately 7% of the wireless telecommunications market in Mexico. The company has national coverage, and integrates the only two providers of wireless telecommunications services in the country with CDMA technology, which generates the highest spectrum efficiency.
Grupo Iusacell through its two brands, Iusacell and Unefon, was the first wireless cellular service provider in the country with a third-generation platform—3G CDMA EVDO—that gives users access to a wide range of other telecommunications services and multimedia applications, making the cell phone an efficient vehicle for data transmission and value added services besides voice.
References
See also
External links
- (Spanish) Company site
- Profile at Grupo Salinas
- BAM Wireless 3G Broadband
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