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América Móvil's U.S. MVNO, TracFone Wireless, acquired Start Wireless' Page Plus Cellular, an MVNO that counts around 1.4 million customers in the United States. The action is TracFone's second major acquisition after its purchase of T-Mobile US (NYSE:TMUS) MVNO Simple Mobile and its 1 million customers almost exactly a year ago.
As with Simple Mobile, América Móvil did not disclose the terms of its purchase of Page Plus. The Mexican company said it expects the transaction to close in the second quarter, pending regulatory approvals. América Móvil is owned by Mexican billionaire Carlos Slim.
Page Plus is primarily an MVNO of Verizon Wireless (NYSE:VZ). The company...