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Brazil: America Movil accelerates merger plans

By  |  August 3, 2014

Following Brazil antitrust regulator CADE’s approval of the plan, the Brazilian units of Mexico-based America Movil are reportedly boosting their merger plans, announcing expectations to wrap up the deal by the end of the year.

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    America Movil, headed by media mogul Carlos Slim, operates wireless operator Claro, long-distance fixed-line telco Embratel and cable operator Net in Brazil; the three will be combined in a move that sees Claro acquiring the other two operations.

    CADE approved of the combination last week and America Movil said Friday it will complete the deal within a few months.

    Full content: Reuters

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