KINGSTON, JAMAICA – On Friday March 11, Digicel announced that it has signed an agreement with América Móvil to acquire its Claro business in Jamaica, and to sell to América Móvil its businesses in El Salvador and Honduras.
The financial terms of the transaction are not being disclosed; however, there will be a net cash payment to Digicel.
The transaction is subject to regulatory approvals and is expected to close in the second calendar quarter.
DIGICEL GROUP
After almost ten years of operation, Digicel Group Limited has 11.5 million customers across its 32 markets in the Caribbean, Central America and the Pacific. The company is renowned for delivering best value, best service and best network.
Digicel is the lead sponsor of Caribbean, Central American and Pacific sports teams, including the Special Olympics teams throughout these regions. Digicel sponsors the West Indies cricket team and is also the title sponsor of the Digicel Caribbean Cup. In the Pacific, Digicel is the proud sponsor of several national rugby teams and also sponsors the Vanuatu cricket team.
Digicel also runs a host of community-based initiatives across its markets and has set up Digicel Foundations in Jamaica, Haiti and Papua New Guinea which focus on educational, cultural and social development programmes.
