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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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
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