América Móvil To Acquire 91% Interest In ClaroVTR
Portfolio Pulse from Benzinga Newsdesk
América Móvil (NYSE:AMX) will acquire a 91% interest in ClaroVTR, consolidating it into its operations. Liberty Latin America (NASDAQ:LILA) will retain a 9% stake. The transaction is subject to approval from Chile's National Economic Prosecutor's Office and is expected to close in 3Q2024.
June 24, 2024 | 1:09 pm
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POSITIVE IMPACT
América Móvil will acquire a 91% interest in ClaroVTR, consolidating it into its operations. This move is expected to strengthen AMX's market position in Latin America.
The acquisition of a controlling interest in ClaroVTR will likely enhance América Móvil's market presence and operational efficiency in Latin America, potentially driving positive investor sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
Liberty Latin America will retain a 9% stake in ClaroVTR after América Móvil acquires a 91% interest. This indicates a reduced role in the joint venture.
Liberty Latin America's reduced stake in ClaroVTR suggests a diminished influence in the joint venture, which may have a neutral impact on its stock in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80