Claro Acquires Digicel Operations in Honduras and El Salvador
América Móvil announced the acquisition of 100% of Digicel's operations in El Salvador and Honduras.
Monday, March 14, 2011
America Movil announced that it has agreed to acquire 100% of Digicel Group Limited and its affiliates in Honduras and El Salvador.
After the competition regulator imposed the release of part of the spectrum leased by Claro as a condition to the merger between the two companies, America Movil has announced its withdrawal from the move.
The Mexican telephony giant announced it has completed the acquisition of phone company Digicel in Honduras.
The Mexican company will not be able to merge with Digicel unless it agrees to a condition to renouncen the use of 20 MHz of airwaves.
Claro has asked the Superintendency to revoke its prior decision and "to consent without conditions to its consolidation operations."
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