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T-Mobile US (NYSE:TMUS) MVNO Solavei, which is seeking to emerge from bankruptcy protection in the next few weeks, plans to expand to Mexico and other Latin American markets later this year, according to CEO Ryan Wuerch. The company also plans to launch new offerings on its Solavei Marketplace program by the end of June.
Earlier this month Solavei revealed that it would merge with ASPIDER, a Netherlands-based Infrastructure as a Service provider that works with mobile operators, as part of its bankruptcy reorganization plan.
Solavei last year revealed plans to focus more heavily on the Hispanic market, but those efforts were delayed by its bankruptcy proceedings.
In an interview with FierceWireless, Wuerch said 80 percent of the new members Solavei gets each month are Hispanic or Latino, up from a rate of 70 percent in August 2014. Fully 68 percent of the company's total customer base is Hispanic, he added, and he said Solavei is the fastest-growing carrier in Puerto Rico. "Being able to continue the expansion with our members in other Latin American countries is just natural," he said.
"Obviously, with everything that is going on with the company, we continued to be focused on that market and that demographic, certainly here in the U.S. and Puerto Rico, while we were in the process of doing this deal that will allow us to expand globally, and particularly into the Latin American market," Wuerch said.
Wuerch called the Latin American expansion a "high priority" for the company. He declined to say...