Investment

Softbank considering Iusacell investment

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Category: Investment
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Japanese operator Softbank could make its first move into Latin America with an investment in Iusacell, according to reports.

The Mexican number three was recently bought up by Mexican billionaire Ricardo Salinas, whose Salinas Group recently acquired a 50% stake in the operator to assume full control over it. He announced at the time that he would announce a “world class strategic partner”, which could be Softbank.

A Salinas group spokesperson said at the time of the deal that a prospective Iusacell partner would require “high technical capacity, to be an international player, and have the financial capacity to face the demand there is in this market”.

Softbank has been expanding its international presence, taking a controlling stake in US operator Sprint and forming a roaming agreement with Iusacell. The Japanese operator was also reportedly targeted by America Movil as a potential buyer for some of its Mexican assets.

 



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