Facebook is planning to buy the mobile phone service provider Nextel for $3.4 billion, the Wall Street Journal reports.
The deal is expected to close by the end of the year.
The purchase is expected at a time when Facebook has been in talks with the US government over its controversial data-collection practices.
The transaction would be worth around $20 billion in the US, according to the Journal.
Facebook CEO Mark Zuckerberg said the company would continue to invest in its global workforce and that it will focus on helping users “make a better world”.
“I am thrilled to partner with Facebook, a company that is uniquely positioned to make a meaningful impact in the digital economy, and I look forward to working with them to build a world that works for everyone,” Zuckerberg said in a statement.