A PYMNTS Company

US: Carlos Slim threatens T-Mobile bidding war

By  |  July 22, 2014

Just days after Sprint and T-Mobile were reported to be planning a joint bid during next year’s spectrum auction in support of their expected merger, America Movil is now said to be planning a possible bid to acquire T-Mobile, a move that could set off a bidding war for the wireless firm.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    According to The Wall Street Journal, America Movil owner Carlos Slim is eyeing a T-Mobile bid after the sale of some of his stake in the Mexican wireless operator. Further, say reports, Slim currently owns a stake in fifth-place US wireless carrier TracFone, which leases capacity from some of the network giants.

    All of this, some experts say, could be leading to Slim making a grab at T-Mobile. Other reports say, however, that T-Mobile and Sprint are close to finalizing a deal, making it highly unlikely America Movil could ever actually acquire T-Mobile.

    Full content: Android Authority

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.