Feb 2, 2017
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Sprint eyeing Puerto Rico acquisition

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Sprint is looking to acquire mobile operator Open Mobile in
Puerto Rico in a cashless deal, according to local media
reports.

The SoftBank-owned operator is locked in negotiations with
Open Mobile owner Open Carrier, with a deal expected to be
struck by March, according to News is My Business.

The acquisition would allow Sprint to strengthen its network
in the Caribbean island by integrating Open
Mobile’s CDMA and LTE networks into its own.

Open Mobile also has an Eligible Telecommunications Carrier
(ETC) certification, something Sprint is without in Puerto
Rico, opening more market opportunities for Sprint.

ETC is required to sell to the market that qualifies for
Lifeline subsidies, and this segment is growing in a stagnating
mobile market, according to the news outlet.

Open Mobile was launched in 2007 as a joint venture between
Columbia Capital and M/C Venture Partners, who bought the
former MoviStar arm for $160 million.

Sprint and Open Mobile declined to comment to the reports.Read on: GlobalTelecomsBusiness

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