Tag Archives: inadmissible

America Movil submitts a third request to acquire Telefonica El Salvador

America Movil -through its subsidiary Claro- requested the Salvadoran Competition Superintendence (SC) the authorization to acquire Telefonica (Movistar) in that country. The company sent the third request for the merger to the Salvadoran organization last September 19th, after the institution declared the second request inadmissible due to the lack of documentation required to authorize the [...]

America Movil’s request to acquire Telefonica in El Salvador is declared ‘inadmissible’

Salvadoran Competition Superintendence (SC) declared inadmissible the economic concentration request that America Movil submitted on March 5th to buy Telefonicas shares in El Salvador, after the announcement made in January on the agreement to buy Telefonicas subsidiary in the country for USD 315 million. According to an official statement from the SC, America Movil was [...]