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América Móvil to buy US virtual operator
11 May 2012
América Móvil’s US subsidiary Tracfone Wireless will buy T-Mobile USA’s biggest MVNO provider
América Móvil’s unit Tracfone Wireless has agreed to buy Simple Mobile, an MVNO with one million customers.
Simple Mobile is the biggest virtual mobile network operator on Deutsche Telekom’s T-Mobile USA network. It is a provider of voice, text messaging, data and mobile broadband services.
Tracfone, which offers prepaid services on a number of other networks in the US, reported revenue of $1.08 billion in the first quarter of this year, up 24% from the first quarter of 2011. América Móvil said in a statement that the deal is expected to close during the second quarter of this year. However, the company declined to provide any financial details. GTB
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