America Movil gets green light to combine Brazilian assets
Mobile World Live
August 01 2014
Anatel, the Brazilian telecoms regulator, has given approval for three companies owned by America Movil to be combined, with the condition that the consolidated organisation registers with securities watchdog CVM as a publicly-held business.
Mobile unit Claro will absorb cable TV operator Net Servicos de Cominicacao and long-distance fixed telephone company Embratel as part of the reorganisation, according to Reuters.