ST. AUGUSTINE, Fla., Jan. 30, 2015 /PRNewswire/ -- O2 Secure Wireless, Inc. (OTC PINK: OTOW), is pleased to announce it has completed all of the necessary steps in closing its acquisition of Technologies Argus First de Mexico. The official closing date for this acquisition is February 17, 2015 and with an increase in contracts already in 2015 worth over 10 million dollars for Technologies Argus First de Mexico, this acquisition is worth tens of millions of dollars to the bottom line of O2 Secure Wireless, Inc. The merged companies expect to exceed over 25 million dollars in revenue in 2015.
"It has been such a long journey trying to build this company the right way for my shareholders and I am truly excited to finally be taking such a major step in making O2 Secure Wireless a household name. This acquisition could not come at a better time with the enormous growth that LAC is undergoing. I have been using MetroPCS as a model for this endeavor and I firmly believe we could not be closer to making it a reality," said Val Kazia, CEO of O2 Secure Wireless, Inc.
Recently, AT&T has announced it has decided to extensively explore the Mexican telecom market for future growth. In keeping with this objective, the company has decided to acquire the Mexican operations (popularly known as Nextel de Mexico) of currently bankrupt wireless operator NII Holdings Inc. The acquisition of Nextel de Mexico will add around 3 million subscribers in AT&T's kitty. Notably, just a couple of weeks ago, AT&T completed the acquisition of Grupo Iusacell SA from billionaire Ricardo Salinas for $2.5 billion to expand further into Latin America. Grupo Iusacell SA is the third largest wireless service provider in Mexico. The takeover of Iusacell had added around 9.2 million subscribers to AT&T's base.
"The acquisitions being made by AT&T in Mexico positively affect my company. We currently service many of the clients of the acquired companies and with the billions of dollars about to be injected into the region now, our company will beat expectations and take us and O2 Secure Wireless to a level we have not yet dreamed of. The closing of our acquisition is more important now then ever," said Luis Galvis president of Technologies Argus First de Mexico S.A. de C.V.
The immediate plan is to expand the OTOW Network in Latin America and the Caribbean (LAC). With the acquisition of Technologies Argus First de Mexico, O2 Secure Wireless, Inc. puts its footprint in the fastest growing telecommunications region. With Latin America and the Caribbean (LAC) being a region that includes some of the world's most important emerging markets, 2015 telecom service spending is forecasted to grow more than 5% from 2014's $201 billion dollars. This statistic shows the forecasted annual worldwide spending in the telecom services industry from 2013 to 2018 which is over 1,927 billion U.S. dollars.
About O2 Secure Wireless, Inc.
O2 Secure Wireless is a Company that is currently developing numerous wireless tower facilities in the U.S. The Company is also instrumental in the development of wireless broadband communication services domestically and in Latin America and the Caribbean. Under a merger with Earthcom Service Inc., the Company is currently being structured to provide affordable flat rate pre-paid wireless services in developing countries internationally and expanding into Latin America and the Caribbean with the acquisition of Technologies Argus First de Mexico.
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SOURCE O2 Secure Wireless, Inc.