Factor Model (net +0.1)
Factor Model
net +0.1 1.2 / 10America Movil Eyes More Brazil Deals After $809M Buy
Watch: Monitor regulatory approval progress and new acquisition announcements to gauge expansion trajectory and impact on revenue growth.
Claro, owned by America Movil, acquired 73% of Brazilian internet provider Desktop for 4 billion reais ($808.93 million). This deal, after net debt deductions, prices Desktop's equity at 2.4 billion reais. Regulatory approval from Brazilian watchdogs CADE and Anatel is expected by end-2026. Claro plans further acquisitions beyond Sao Paulo to deepen market reach.
Further acquisitions could boost America Movil's market share and revenue in Brazil, strengthening its competitive position in Latin America's largest telecom market.
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