Corporacion Mobilcom

Nextel Communications Inc. said Monday that it will invest $165 million for a 22% stake in Corporacion Mobilcom of Mexico, creating the first seamless, all-digital wireless communications network in North America. Rutherford, N.J.-based Nextel, which provides mobile radio services in major U.S. cities, recently announced a similar deal with Clearnet Communications Inc., a leading Canadian wireless communications company. Under the tentative agreement, Nextel would buy $122.

Nextel Communications Inc. said Monday that it will invest $165 million for a 22% stake in Corporacion Mobilcom of Mexico, creating the first seamless, all-digital wireless communications network in North America. Rutherford, N.J.-based Nextel, which provides mobile radio services in major U.S. cities, recently announced a similar deal with Clearnet Communications Inc., a leading Canadian wireless communications company. Under the tentative agreement, Nextel would buy $122.

In deals that would cement its nationwide presence in the burgeoning wireless communications field, NexTel Communications Inc. said Friday that it will merge with Dial Page Inc. and buy all of Motorola Inc.'s specialized mobile radio licenses, two stock-swap transactions valued at a total of $2.4 billion. The deals are the latest in a string of aggressive moves by NexTel, a provider of specialty mobile radio services.