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In June 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. On 15 November 2010 Iusacell Mexico launched their HSPA+ network with speeds up to 21 Mbit/s. |
