Home > News > News from Operators

America Movil says scraps deal to purchase Telefonica's El Salvador unit

2020-09-05 10:08:58

 

America Movil on Thursday said it was cancelling by mutual agreement a contract with Spain's Telefonica to buy its El Salvador unit, Telefonica Moviles El Salvador, blaming regulatory hurdles.

 

America Movil, controlled by the family of Mexican tycoon Carlos Slim, owns telecommunications firm Claro in El Salvador and had been aiming to acquire for $315 million Telefonica Moviles and another El Salvador unit, Telefonica Multiservicios.

 

The two Telefonica units operate in the Central American nation under the Movistar brand and belong to Telefonica Centroamerica Inversiones.

 



  Telecom.com  
 
Recommended information
Orange launches Ericsson-powered 5G in Spain
Orange launches Eric
Telefónica Tech fosters the training of cybersecurity professionals with the acquisition of iHackLabs
Telefónica Tech fos
America Movil says scraps deal to purchase Telefonica
America Movil says s
Already Nationwide, T‑Mobile Supercharges 5G Speeds for Millions More People in Over 80 New Cities & Towns
Already Nationwide,