{"id":294553,"date":"2021-09-15T15:52:17","date_gmt":"2021-09-15T15:52:17","guid":{"rendered":"https:\/\/www.mobileworldlive.com\/?p=327598"},"modified":"2021-09-15T15:52:17","modified_gmt":"2021-09-15T15:52:17","slug":"america-movil-agrees-200m-claro-panama-sale","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/2021\/09\/15\/america-movil-agrees-200m-claro-panama-sale\/","title":{"rendered":"America Movil agrees $200M Claro Panama sale"},"content":{"rendered":"

<\/p>\n

\tLiberty Latin America explained a deal by subsidiary Cable & Wireless Panama to acquire America Movil’s local mobile business will boost its presence in a nation it identified as a key ditigal hub for the region.<\/p>\n

America Movil agreed to sell its Claro Panama operation for $200 million, stating the deal covers its entire holding in the mobile business but excludes various telecom towers.<\/p>\n

The companies expect the transaction to close in H1 2022, subject to governmental approvals and customary closing conditions.<\/p>\n

Liberty Latin America chief Balan Nair explained in a separate statement the integrated business will operate \u201ca network with extensive coverage\u201d, with aims to invest in innovative mobile products and services for consumers and B2B customers.<\/p>\n

Nair explained Panama was an \u201cimportant digital hub\u201d in Latin America and the company expected the market to drive \u201cgrowing demand\u201d for its mobile and fixed connectivity offerings.<\/p>\n

Liberty Latin America owns 49 per cent of Cable & Wireless Panama, with the nation’s government holding the same portion and an employee trust the remaining 2 per cent.<\/p>\n

The company asserted Claro Panama had 760,000 mobile subscribers at end-June and generated revenue of $157 million in 2020.<\/p>\n

In January 2019 Liberty Latin America attempted to form one of the biggest converged operators in the Americas by acquiring Millicom [1], and in December 2020 media reports linked it with negotiations covering Telefonica\u2019s units [2] in Colombia and Ecuador.<\/p>\n

[1] https:\/\/www.mobileworldlive.com\/featured-content\/home-banner\/liberty-latin-america-makes-millicom-acquisition-bid
\n[2] https:\/\/www.mobileworldlive.com\/featured-content\/top-three\/liberty-latin-america-targets-telefonica-units<\/p>\n\n

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Liberty Latin America explained a deal by subsidiary Cable & Wireless Panama to acquire America …<\/p>\n

The post America Movil agrees $200M Claro Panama sale<\/a> appeared first on Mobile World Live<\/a>.<\/p>\n<\/div>","protected":false},"author":211,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"slim_seo":{"title":"America Movil agrees $200M Claro Panama sale - ITTeacherITFreelance.hk","description":"Liberty Latin America explained a deal by subsidiary Cable & Wireless Panama to acquire America ... The post America Movil agrees $200M Claro Panama sale ap"},"footnotes":""},"categories":[11,8],"tags":[],"_links":{"self":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/294553"}],"collection":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/211"}],"replies":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=294553"}],"version-history":[{"count":1,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/294553\/revisions"}],"predecessor-version":[{"id":294554,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/294553\/revisions\/294554"}],"wp:attachment":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=294553"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=294553"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=294553"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}