América Móvil will acquire 100 percent of telecommunications company Digicel’s operations in El Salvador and Honduras, according to a América Móvil press release Monday.
América Móvil will also acquire Digicel Group Limited’s affiliates in the two Central American countries. In exchange, América Móvil will sell its operations in Jamaica to Digicel.
By the fall, América Móvil will begin offering its services in Costa Rica under the name Claro and will compete with Spain’s Telefónica and the state operated Costa Rican Electricity Institute (ICE) for national market share. América Móvil has 225 million wireless subscribers, making it the largest wireless provider in Latin America.