Digicel buys Claro Jamaica, sells Central America units

News Wireless Latin America and the Caribbean 12 MRT 2011
Digicel buys Claro Jamaica, sells Central America units
Digicel has agreed to acquire America Movil's Claro business in Jamaica. In turn, America Movil will acquire Digicel's businesses in El Salvador and Honduras. Financial terms of the transaction have not been disclosed. However, there will be a net cash payment to Digicel. The transaction is subject to regulatory approvals and is scheduled for completion in the second quarter.

Categories:

Mobile

Companies:

America Movil,  Claro,  Digicel

Regions:

Latin America and the Caribbean

Tags:

Voice services, Shareholders & subsidiaries, Wholesale, M&A buyouts & divestments

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