T-Mobile logoFor months, rumors have circulated about Sprint’s desire to own T-Mobile.

But now there may be a new entrant in the bidding battle for the fourth largest carrier in the U.S.

Mexican billionaire Carlos Slim, who is selling shares of América Móvil, may use some of his new-found cash to make a run at T-Mobile, reports The Wall Street Journal. Slim already has interests in the U.S. wireless business through TracFone, a prepaid wireless service that is the country’s fifth largest carrier.

Stock analyst John Hodulik tells the Journal that an acquisition of T-Mobile — led by the charismatic and foul-mouthed John Legere — could make strategic sense given the windfall of cash that Slim is about to obtain.

But don’t get too excited about a deal. The Journal calls any tie-up between the two companies a longshot given how advanced the discussions are between Sprint and T-Mobile, a deal that could fetch $32 billion and result in Legere serving as CEO.

Just last week, Slim regained the title of richest person in the world with a fortune of $79.6 billion, eclipsing the estimated net worth of $79.1 billion of Bill Gates.

América Móvil holds a 70 percent market share of the wireless business in Mexico, and regulators in the country are forcing the company to divest assets in order to allow more competition.

Comments

  • qubius

    Carlos Slim, can buy T-Mobile along with the rest of the 700MHz A block, the 2 MHz of guard band together and Dish 6MHz of 700 MHz spectrum. With LTE -Advance and a full 20 MHz of prime 700 MHz spectrum and some 600 MHz spectrum added to the low band and high band spectrum mix and you have a great network that AT&T and VZ will respect. Who’s needs Sprint.

  • Clifton K. Morris

    I think John Legere’s team is in a strange place where they are attempting to justify their positions. With any luck, and within a year, they’ll be able to close all the stores and rely on WalMart’s one metro location in Seattle for sales.

    The other sales avenue which T-Mobile hasn’t considered is vending machines.

    Just think– next time your at a Vending Machine, choosing lunch from the “Wheel Of Doom” you can make the difficult decision between a sandwich, or a fruity pink phone service, which is copyrighted. If you’re early to lunch, you may luck out and get the plan that’s “Free For Life” that no one else wanted.

  • Wilfredo Martinez

    This would be greatly welcomed by regulators! Fierce competition if it were to happen!

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