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El Salvador: America Movil’s offer for Digicel rejected

By  |  October 1, 2012

 

El Salvador’s telecom regulator has rejected an offer by Mexican billionaire Carlos Slim’s America Movil to acquire the local operation of Irish-owned mobile operator Digicel, calling the deal detrimental to consumers. A plan by Denis O’Brien’s Digicel mobile phone group to sell its business in El Salvador to a company owned by wealthy Mexican entrepreneur Carlos Slim has once again been rejected by the regulator there. The analysis revealed that, by international standards, fixed and mobile telephony in El Salvador is characterized by excessively high levels of market concentration. In addition the country is characterized by technical and legal adverse effects on competition and the welfare of consumers in the fixed and mobile telephony markets.

Full Content: SC Telecommunication Regulator

Related Content: Claro-Digicel merger under scrutiny

 

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