Mexico's America Movil Completes Purchase of Brazil's Desktop

By Reuters News

Oct 1 (Reuters) - America Movil SAB de CV AMXB.MX:

  • BRAZILIAN SUBSIDIARY HAS COMPLETED THE ACQUISITION OF A CONTROLLING STAKE IN BRAZILIAN BROADBAND PROVIDER DESKTOP

  • AMX'S BRAZIL UNIT BOUGHT 72.83% STAKE FOR 1.75 BILLION REAIS ($334.78 MILLION)

  • UNIT SAYS DEAL AIMED AT EXPANDING FIXED BROADBAND BUSINESS, WILL LEAD TO CHANGES IN DESKTOP STRUCTURE AND MANAGEMENT

  • UNIT SAYS IT PLANS TO FILE FOR UNIFIED TENDER OFFER TO BUY REMAINING DESKTOP SHARES

Source text: ID: nNDL1JzFvb

Further company coverage: AMXB.MX


($1 = 5.2273 reais)

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