Claro, Telmex to merge operations in Chile – report

News General Chile 27 JUL 2010
Claro, Telmex to merge operations in Chile – report
Telmex and Claro plan to merge their operations in Chile under a single company in August. However, America Movil Chile has not decided on the brand name under which it will operate in Chile, Diario Financiero reports, citing sources familiar with the merger process. The measure follows America Movil's recent acquisition of 93.56 percent of Telmex Internacional (Telint), and 99.44 percent of Carso Global Telecom in a move by billionaire Carlos Slim to consolidate his telecommunications holdings. Eduardo Diaz Corona will take over the position of president of America Movil's Chile operations. Diaz Corona previously served as Telmex Chile's vice chairman of the board and CEO. Following the completion of the integration process, America Movil's merged operations in Chile will provide fixed and mobile telephony, pay-TV and fixed and mobile internet services.

Categories:

General

Companies:

America Movil,  Claro,  Telmex

Countries:

Chile

Tags:

Production planning & operations, Voice services, Shareholders & subsidiaries, Internet Access, Wholesale, M&A buyouts & divestments

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