TMCnet News
SoftBank looks to Mexican carrier America Movil: report(Japan Economic Newswire Via Acquire Media NewsEdge) Japan's SoftBank Corp. is eyeing wireless assets put up for sale by America Movil, a major Mexican carrier, The Wall Street Journal reported Thursday, citing people familiar with the matter. The Japanese telecommunications company recently assigned Chief Executive Marcelo Claure of Sprint Corp., a U.S. carrier it bought last year, to gather information on the Mexican firm's assets, the report said. America Movil is reportedly selling its assets to avoid new regulations by trimming its share of the mobile market from an overwhelming 70 percent. The assets on sale could be worth $15 billion and AT&T Inc., a major U.S. carrier, has also shown interest in them, the report said. U.S. media reported in September that America Movil sounded out major mobile carriers in other countries including SoftBank to see if they are interested in buying its assets. (c) 2014 Kyodo News |