Sprint not alone in wanting T-Mobile, Carlos Slim expressing interest

July 22, 2014

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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.

Source: GeekWire

Justin Herrick Author

Born and raised in New Jersey, Justin is a graduate of Fairleigh Dickinson University where he studied marketing with a focus on digital marketing. He's very talkative and enjoys discussing anything from technology and sports to video games and television. As for Justin's current device rotation, he carries around the Google Pixel and Nexus 9. In the rare case that his phone or tablet is not in his hand, he is either flicking through cards on his Moto 360 (2015) or typing away on the Microsoft Surface Book. Justin is patiently waiting for the day that Google replicates the Galaxy Nexus with modern day specifications.