Business
Digicel acquires Claro, sells its operations in Honduras
Thursday, December 1, 2011
Digicel Group Limited has announced the completion of its acquisition of América Móvil’s (Claro’s parent company), business in Jamaica and the sale of its business in Honduras to América Móvil.
Digicel also said that an update on the previously announced sale of Digicel’s business in El Salvador to the Mexico-based América Móvil will be provided in due course.
Under the transaction, which essentially marks a retreat from each other’s turf, Denis O’Brien’s Digicel Group is selling its Honduras and El Salvador assets to Carlos Slim’s America Movil, in turn buying its Jamaica business.