The Mexican telephony giant announced it has completed the acquisition of phone company Digicel in Honduras.
A press release from American Mobile reads:
America Movil, announced today (November 30, 2011) that as part of the agreement with Digicel Group Limited and its affiliates ("Digicel") during the first quarter of 2011, has acquired on this date 100% of Digicel’s operations in Honduras and sold to Digicel its operations in Jamaica.
America Movil, which owns Claro, acquired 100% of Digicel and will have about 2.96 million users.
According to the General Superintendence of Telecommunications (SIGET), the country has about 7.4 million cell phone users.
"At least for the next six months and a maximum 12 - which is how long the merger could take - customers of both companies and the overall market will continue to see them as separate companies," adds Laprensagrafica.com.
The upcoming publication of the conditions for the opening up of telecommunications leads operators to request clearer rules.
Telecommunication companies have asked Costa Rica's Telecommunications Regulator (SUTEL) to provide greater clarity in several areas including procedures for installing Radio Bases, interfacing with networks belonging to the state-owned electricity and telecommunications provider (ICE), and microwave communication.
The mobile telephony provider, who operates in Central America and the Caribbean, reached 10.8 million customers.
Colm Delves, CEO of the company, commented the company’s results for the March 2009- March 2010 period. He noted that the situation in Honduras has been difficult due to the economic and political crisis, but that things are coming back to normality.
The cellular phone system operator is waiting for the bid for the licenses to enter the Costa Rican market in 2010.
The multinational already operates in El Salvador, Honduras, and Panama. It plans to make a strong investment in Costa Rica "to develop a first-class network," commented the CEO of Digicel Group, Denis O'Brien, in the context of the Forbes CEO conference in Gleneagles, Scotland, according to an article in Elsalvador.com
By the end of 2008, El Salvador had the largest number of cell phones per person in Central America, with 6.6 million for a population of 5.8 million.
Experts say the large number of cell phones is a reflection of consumerism, promoted by intense advertising campaigns. Another factor that has played a role is the large number of Salvadorans living abroad, many of whom communicate with their families back home via mobile phone.
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