America Movil restructures Chile business after Liberty Latin America buy-out
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FILE PHOTO: The logo of America Movil is pictured on the wall at a reception area in the company's corporate offices, in Mexico City, Mexico January 25, 2022. REUTERS/Gustavo Graf/File Photo
MEXICO CITY (Reuters) -Mexican telecommunications giant America Movil will overhaul its operations in Chile, it said on Monday, after it took full control of the unit in a share purchase from Liberty Latin America.
America Movil and Liberty Latin America announced in 2021 they were launching the Chilean joint venture, combining America Movil's Claro Chile and Liberty's VTR to form ClaroVTR. America Movil took a 91% stake in the firm last year.
It now holds total control in ClaroVTR after exercising a call option on the remaining shares, America Movil said in a filing.
(Reporting by Kylie Madry; Editing by Brendan O'Boyle)
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