America Movil announced that it has acquired 100% of Movistar Guatemala and has entered into an agreement to acquire 99.3% of Movistar El Salvador, including . The acquired companies provide mobile and fixed telecommunications, including voice, data and Pay TV, adding only 15,000 DTH subs both operators.
Telefonica Guatemala’s acquisition has been completed, while the complete acquisition of Telefonica El Salvador is subject to certain customary closing conditions, including regulatory approval.
Purchase price paid for Telefonica Guatemala was USD 333 million, and the agreed price for Telefonica El Salvador is USD 315 million.
With this transaction, America Movil consolidates its position as a leader telecommunication operator in Central America, strengthens its position in both countries to continue providing integrated telecommunication and positions itself to provide next generation services, including 5G.