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SoftBank Said to Weigh Investment in Iusacell Assets in Mexico

Japanese mobile-phone company SoftBank Corp. is considering an investment in Mexican wireless carrier Grupo Iusacell SA, according to people with knowledge of the matter, in what may be its first foray into the fast-growing Latin American market.

SoftBank, which controls Sprint Corp. in the U.S., is in advanced stages of reviewing Iusacell’s assets, said one of the people, who asked not to be identified because the process is private. Iusacell owner Ricardo Salinas, Mexico’s fourth-richest person, said earlier this month that he would soon announce a new “world-class strategic partner” for the company.