Carlos Slim company to buy US mobile phone firm

May 20, 2013
Mexican tycoon Carlos Slim attends the Broadband Commission for Digital Development meeting in Mexico City on March 17, 2013. Mexican phone giant America Movil, owned by Slim, announced Monday that its US unit reached a deal to acquire US mobile phone company Start Wireless Group.

Mexican phone giant America Movil, owned by billionaire Carlos Slim, announced Monday that its US unit reached a deal to acquire US mobile phone company Start Wireless Group.

The price of the transaction was not revealed but a statement said Tracfone Wireless will acquire the assets of Start Wireless, an Ohio-based mobile virtual network operator that provides prepaid voice, messaging and data plans to 1.4 million customers.

The deal is expected to be completed in the second quarter pending the approval of regulators.

A mobile operator (MVNO) does not own or operate wireless equipment. Instead, it buys services from carriers in bulk and sells packages to retail customers.

America Movil owns fixed-line and mobile phone businesses as well as Internet and cable television services in 17 Latin American nations and the United States.

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geokstr
1 / 5 (1) May 21, 2013
Carlos could make sure his SlimPhones(tm) are 100% compatible with ObamaPhones.

Free apps would include GPS systems that would interactively plan the best routes through the mountains and deserts and identify the easiest places to cross the Rio Grande, as well as phone listings for all the welfare agencies in the US and how to take advantage without having to reveal your immigration status. Other fee-based apps would provide social security numbers, filing for a fraudulent EITC refund, getting food stamps, instructions on how to use the phone's camera to print your picture on the provided fake ID card and drivers' license templates, and how to register to vote, with features designed by MediaMatters singing the praises of Democrat candidates while smearing their opponents.

Win-win for Slim and Obama. Lose-lose for liberty, the rule of law, and civilization in general.