Brazilian operators Embratel Participacoes, Net Servicos and Claro, all indirectly controlled by America Movil, are evaluating the possibility of a corporate reorganization into a single company. The reorganization would also include some of the three companies’ subsidiaries in Brazil. The move aims to consolidate the companies’ corporate structure and activities on the local market.
Embratel, Net and Claro said they will start conducting internal analyses and take initial steps with Brazilian telecoms regulator Anatel, to assess the feasibility of the transaction and the conditions to which it may be subjected. The decision whether or not to proceed with the transaction will take into account the results of the analyses being conducted by the companies and Anatel’s response, among other factors, the companies said.
