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.
Regarding the announcement of the purchase of Telefónica El Salvador, the Superintendence of Competition (SC) of that country informed that until January 25, 2019, it had not received any request for authorization from América Móvil for the purchase of Telefónica de El Salvador.
Details from a report given to the Securities and Exchange Commission on the company's activities in the six Central American countries during the first quarter of 2014.
Operating revenues in Central America (Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panama) during the first three months of 2014 increased by 12.1% compared to the first three months of 2013.
With an investment of $1.1 billion it will connect to Brazil, Colombia, the United States, Guatemala, Mexico, Puerto Rico and the Dominican Republic.
The company announced that it has completed the installation of a submarine fiber optic cable which guarantee services. This project will connect Brazil, Colombia, the USA, Guatemala, Mexico, Puerto Rico and the Dominican Republic.
Costa Rica is the regional leader in 4G data consumption through mobile devices and 4G networks.
America Movil (Claro) and Telefonica (Movistar) agree that Costa Rica is the country with the highest data traffic in Central America, this is because it is the only country that does not charge for downloading data, but rather by the speed offered by providers.
In agreement with America Movil, AT&T will operate in 15 countries including all of Central America.
Expectations are that AT&T will today announce that it will "... extend its reach in Latin America for business customers through a cooperation with the firm America Movil, belonging to the Mexican billionaire Carlos Slim".
The company will do business in 15 countries including Argentina, Chile and Colombia through connections with America Movil networks. Other nations that AT&T services will be extended to are Costa Rica, the Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, Paraguay, Peru and Uruguay.
A system of 17,500 km of submarine cable, designed for 100 gigabits per second, will connect the U.S. to South America through Central America.
Alcatel Lucent and America Movil plan to put into operation, in late 2013, the system known as AMX-1, connecting seven countries with eleven landing points: Miami and Jacksonville (USA), Barranquilla and Cartagena (Colombia), Fortaleza Salvador and Rio de Janeiro (Brazil), Puerto Plata (Dominican Republic), Cancun (Mexico), San Juan (Puerto Rico) and Puerto Barrios (Guatemala).
America Movil, Claro's parent company, is investing in the development and delivery of broadband services.
Users of the Claro network, and now Digicel, will have access to greater geographical coverage, better quality and innovation in services, and higher speeds.
So said the director of Claro Honduras, Luis del Cid, who announced the acquisition, which was negotiated between the parties in the first quarter of 2011.
América Móvil announced the acquisition of 100% of Digicel's operations in El Salvador and Honduras.
America Movil announced that it has agreed to acquire 100% of Digicel Group Limited and its affiliates in Honduras and El Salvador.
As part of the agreement, America Movil will sell its operations in Jamaica to Digicel.
The closing of the deal is subject to obtaining appropriate regulatory and governmental approvals in Honduras, El Salvador and Jamaica. The parties expect for approvals to be ready during the second quarter of 2011.
In 2015 Central America will sell $2 billion in paid television and broadband services, both wireless and cable.
A report from consulting company Signals Telecom foresees a battle in broadband services, as the average speeds offered in Central America are below South American and Caribbean averages.
They also expect competition to cause improvements in 3G coverage, and the introduction of more added value services.
With 1.5 million users, América Móvil's subsidiary, announced its new image and strategy.
Luis del Cid, General Manager of Claro Honduras, made reference to some of the promotions that are valid throughout Central America, they include 10 x 1 minutes - for each minute you talk, you will have ten minutes free.
Further comments by Luis del Cid are reported in Laprensahan.com: "The telecommunications market, after the arrival of Digicel in the country, has been revolutionized. 'We have experienced significant growth in several areas of our business and not just mobile phones. The user is more aware of the telecommunications market, plus we love the competition'."
Mobile phones, the strongest sector for the regional economy, registered a decline in earnings in 2008.
El Periódico reported on its website: "While América Móvil added 1 million new customers in Central America in 2008, revenues from its subsidiaries in Guatemala, El Salvador, Honduras and Nicaragua fell by 3.4 % and its profits were reduced by 26.6%.
They produce 28 percent of the GDP in the area. Their performance sets the pace for economic activity and industry trends.
Mexican America Movil and Arkansas giant Wal-Mart are, without a doubt, the two biggest stars in the ranking, evidencing the significant activity in telecommunications and retail sales in the region.
With a growth of 42%, the Carlos Slim company was ranked first place among Big Companies, and reach US$3.4 billion in 2007, leaving behind....
Mexico-based América Móvil, Latin America's leading provider of wireless telephony, will begin to sell Apple's iPhone in the region this year.
The iPhone will be made available in 16 Latin American and Caribbean countries, said América Móvil spokeswoman Luisa Fernanda White.
The deal with Apple could boost América Móvil's market share, said Omar Salvador, a telecommunications analyst with Pyramid Research Group in Boston.
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