Softbank considers America Movil assets

Softbank, the Japanese operator has revealed plans to to acquire the mobile assets put up for sale by America Movil according to the Wall Street Journal. SoftBank has recently asked Sprint CEO Marcelo Claure to gather information on the assets that America Movil intends to sell. Softbank values the assets at around USD 10 billion.

Back in July, America Movil announced it would spin off its telecoms towers and sell assets to reach a market share below the 50 percent threshold, to comply with new regulations in the Mexican market.