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General

America Movil up to 48% of Guatemala's mobile lines with Telefonica buy

Monday 7 October 2019 | 11:20 CET | News
America Movil (Claro) will rise from 30.2 percent to 47.6 percent of Guatemala's mobile lines when it completes its acquisition of Telefonica's local assets, according to the latest data from the Superintendency of Telecommunications (SIT). The Mexican telecommunications giant reached an agreement to buy 100 percent of Telefonica's Guatemalan assets for EUR 277 million earlier this year and will now form a duopoly with Millicom, whose local Tigo unit accounted for the remaining 52.4 percent of the mobile market at the end of June 2019, said the regulator.

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Categories: General
Companies: America Movil / Claro / Millicom / Telefonica / Tigo
Countries: Guatemala
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