America Movil Confirms Purchase of Digicel in Honduras

The Mexican telephony giant announced it has completed the acquisition of phone company Digicel in Honduras.

Thursday, December 1, 2011

A press release from American Mobile reads:

America Movil, announced today (November 30, 2011) that as part of the agreement with Digicel Group Limited and its affiliates ("Digicel") during the first quarter of 2011, has acquired on this date 100% of Digicel’s operations in Honduras and sold to Digicel its operations in Jamaica.

About America Movil

America Movil is the leading provider of telecommunications services in Latin America. As of September 30, 2011, it had 241.5 million wireless subscribers and 56.4 million units generating revenue in the Americas.

More on this topic

Claro Acquires Digicel Operations in Honduras and El Salvador

March 2011

América Móvil announced the acquisition of 100% of Digicel's operations in El Salvador and Honduras.

America Movil announced that it has agreed to acquire 100% of Digicel Group Limited and its affiliates in Honduras and El Salvador.

As part of the agreement, America Movil will sell its operations in Jamaica to Digicel.

Claro with 40% of the Salvadoran Market

March 2011

America Movil, which owns Claro, acquired 100% of Digicel and will have about 2.96 million users.

According to the General Superintendence of Telecommunications (SIGET), the country has about 7.4 million cell phone users.

"At least for the next six months and a maximum 12 - which is how long the merger could take - customers of both companies and the overall market will continue to see them as separate companies," adds Laprensagrafica.com.

El Salvador is the Central America's leader in cell phone use

January 2009

By the end of 2008, El Salvador had the largest number of cell phones per person in Central America, with 6.6 million for a population of 5.8 million.

Experts say the large number of cell phones is a reflection of consumerism, promoted by intense advertising campaigns. Another factor that has played a role is the large number of Salvadorans living abroad, many of whom communicate with their families back home via mobile phone.

Telephony Market Sums $ 2.1 Billion in Guatemala

November 2010

Telephony revenue increased 10.5% between 2008 and 2009; the sector represents 6.5% of GDP and 8.3% of tax revenue.

According to reports published by Pyramid Research, the telephone market in Guatemala generated revenue of $ 2.1 billion in 2009, of which $ 1.37 billion (66%) were generated by mobile services.

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