America Movil plans US MVNO purchase - Mobile World Live

America Movil plans US MVNO purchase

11 MAY 2012

America Movil has announced plans to acquire 100 percent of US MVNO Simple Mobile, via its US subsidiary Tracfone Wireless. The target has around one million customers and is currently owned by T-Mobile USA. Analysts have put the likely price of the acquisition at more than US$350 million, and the deal is expected to close in the current quarter. America Movil earlier this week had a EUR3.2 billion offer to increase its stake in Dutch operator group KPN rejected as being too low.


Tim Ferguson

Tim joined Mobile World Live in August 2011 and works across all channels, with a particular focus on apps. He came to the GSMA with five years of tech journalism experience, having started his career as a reporter... More

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