Mexicos America Movil buys US firm Simple Mobile

first_img The difference between men and women when it comes to pain More Valley freeways to be closed this weekend for improvements Meghan McCain to release audiobook on conservatism, family MEXICO CITY (AP) – Mexico’s America Movil cellphone carrier has signed an agreement to buy U.S. wireless carrier Simple Mobile.America Movil says its U.S. subsidiary Tracfone Wireless Inc. will acquire Simple Mobile, which has over 1 million subscribers.The purchase caps a week of acquisitions by America Movil, Latin America’s largest cellphone carrier controlled by Carlos Slim, the world’s richest man. Top Stories Parents, stop beating yourself up Think Tank analyzes the second round of Democratic debatescenter_img Comments   Share   New high school in Mesa lets students pick career paths In a statement Thursday, America Movil said it expects to close the deal during the second quarter. It did not provide figures on the cost of the acquisition.Simple Mobile is a “mobile virtual network operator.” Such operators bundle or resell space on radio spectrum or wireless networks.On Tuesday America Movil announced a euro2.6 billion ($3.4 billion) public offer to acquire an additional 23.2 percent of Dutch carrier Royal KPN NV.(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.) Arizona families, Arizona farms: A legacy of tradition embracing animal care and comfort through modern technology Sponsored Stories last_img

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