Telecom: Tuenti Changes Ownership to Claro

In Guatemala, the telephone company Tuenti reported that it will now be part of América Móvil, owner of the Claro brand, following the sale of Telefonica's shares in early 2019.

Tuesday, October 15, 2019

In January 2019 it was reported that a business agreement had been reached for América Móvil, S.A.B. de C.V. to purchase the entire share capital of Telefónica Móviles Guatemala, S.A..

However, it was not until October 10th when the executives of Tuenti, which in the country has operated under the brand name of Telefonica, confirmed to their collaborators that they were also acquired by Claro.

You may be interested in "Telecom: Regional Market Transformed"

"Today we proudly tell you that we became the crackest part of Claro and that only means good things. You're going to have all the good vibes and benefits you had with Tuenti, but with many more things: Coverage throughout the country, unlimited social networks (we know you're going to love them), thousands and thousands of recharge points so you can buy your combos or Superpacks, an internet that is a plane, many more GB in each package you buy and above all our eternal gratitude for having trusted that cell phone could be different, honest and as incredible as you," explains an official letter from Tuenti.

Also see "Which are the favorite Cell Phone brands in Central America?"

Litza de Escobar, Claro's Institutional Relations Manager, told Prensalibre.com that "... all Tuenti customers will maintain their benefits and will also have access to Claro offers; that is, more megabytes, unlimited social networks, faster internet, better signal, more recharge points and greater coverage."

Ricardo Flores, telecoms consultant for Global Group, explained that "... there is not yet a complete merger because the number pool is not defined. This means that Telefonica's numbering must pass to Claro, but it is a process that the Superintendence of Telecommunications (SIT) must clarify and rely on the Telecommunications Law, so that users are not harmed if necessary, cannot give or sell the numbers.

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More on this topic

Telefonica Purchase: New Application Accepted

November 2019

With the admission of a new procedure for the authorization of economic concentration, presented by América Movil and Telefonica de El Salvador, begins "the technical, economic and legal analysis that will determine whether or not the transaction will cause a significant limitation of competition."

Both companies submitted this third application for authorization on 19 September this year.

Telefonica's Purchase: Is the Third Time the Winner?

October 2019

After rejecting the two previously filed applications, El Salvador's Superintendence of Competition confirmed that it had received a new request for América Móvil to complete the acquisition process of Telefónica.

In mid-September 2019 it was reported that the Superintendence of Competition of El Salvador declared inadmissible, for the second time, the request for authorization of economic concentration presented by América Móvil, arguing that the information in the file was not complete.

Telefonica's Purchase Declared Unacceptable Again

September 2019

The Superintendence of Competition of El Salvador once again declared "inadmissible the request for authorization of economic concentration presented by América Móvil, which would consist of the acquisition of the share capital necessary to control Telefónica's operations."

Once again, the purchase of the telephone company in El Salvador is declared inadmissible, since at the end of May, the authorities informed that they also declared "inadmissible the request for economic concentration presented by América Móvil S.A.B. de C.V., last March 5 of this year."

Telefónica Starts Selling Assets in the Region

January 2019

The company reported that it sold all the shares of Telefónica Guatemala and 99.3% of Telefónica El Salvador to América Móvil for $648 million.

The Spanish company stated that the closing of the sale of Telefónica Guatemala took place on January 24, however, the sale of Telefónica El Salvador is subject to the relevant regulatory conditions.

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