If Sprint wants to acquire T-Mobile, Dan Hesse & Co. better act fast. Waiting much longer means that additional players can get involved, and that would be great for T-Mobile but not so for Sprint. A new report notes that one of the world’s richest people are preparing to make a move for T-Mobile.
Mexico’s Carlos Slim, with a net worth nearing $80 billion, recently dumped shares of América Móvil and could be using that cash (and more from his wallet) to make a major acquisition. Despite moving some shares, Slim is still involved with wireless in the United States. He owns shares in the prepaid service TracFone. As of late, the billionaire has been eyeing interest in United States businesses and T-Mobile would be quite the get. While Carlos Slim does indeed have a ton of telecommunications experience under his belt, the clock is ticking as Sprint and T-Mobile should be finishing up rather soon.