Tag Archives: SC

El Salvador to examine third America Movil request to buy Telefonica

After two applications to buy Telefonica in El Salvador declared inadmissible, the Salvadoran Competition Superintendence (SC) decided to accept a third America Movil request and will begin the technical, economic and legal review of the transaction, to determine if it would limit competition in some way. In a 90 business day period, the agency will [...]

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 [...]

Economic concentration between America Movil and Telefonica in El Salvador is declared ‘inadmissible’ again

Salvadoran Competence Superintendence (SC) declared the economic merger request presented by America Movil as inadmissible, aimed at acquiring the necessary share capital to control Telefonicas operations in El Salvador. The resolution was pronounced by the entity on Monday, August 26th, and the economic agents involved were notified on Wednesday, August 28th. America Movil submitted this [...]

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 [...]