media logos

America Movil, parent of Tracfone, acquires Simple Mobile

It appears that America Movil’s U.S. operation has just grown. According to a Reuters report, America Movil has acquired Simple Mobile in a deal worth about $100 million. Simple now joins Tracfone, Net10, and Straight Talk as Movil’s U.S. brands. A Barclay’s report notes that with the addition of Simple, America Movil now accounts for about 30 percent of U.S. prepaid subscribers. It’s unclear if this will bring any chances to Simple Mobile. It is an MVNO of the T-Mobile network, but America Movil uses spectrum from all four major carriers with its other brands. We should learn more when the deal closes, which should be in the next few months.