AT&T Partners Up with America Movil to Expand Latin American Presence (T)

Wireless provider AT&T Inc. (T) announced on Wednesday that it has agreed to collaborate with Mexico-based America Movil in order to expand its Latin American connectivity.

With this partnership, AT&T will be able to provide services in 15 countries in Latin America. Previously, AT&T only had presence in Mexico and Brazil.

AT&T currently holds a 9% stake in America Movil and has executives on its board of directors. The two companies have had a long standing business relationship.

AT&T shares were mostly flat during pre-market trading Wednesday. The stock has been mostly flat YTD.