Claro Panama is completely integrated into Liberty
Latin America
That includes the migration of all Claro Panama’s mobile
customers into C&W’s +Móvil client base. “Now, customers of both companies
have robust nationwide coverage and [are able to] talk to more people within
their network,” +Móvil stated in a post published on Twitter.
Source: BN
AMERICAS
Liberty Latin America’s subsidiary Cable &
Wireless (C&W) has concluded the integration of América Móvil’s Claro
Panama unit into its +Móvil network following the completion of the M&A
about three months ago.
Both companies will continue to operate separately
and independently in terms of brick-and-mortar stores, service centers,
marketing and sales force until January 16.
The LLA-América Móvil Panama deal was announced in
September 2021 for US$200mn. Last June, Liberty Latin America got all due
clearances to complete the transaction.
With the acquisition of Claro Panamá, Liberty
expects to strengthen its position in the mobile market and compete with
Millicom with packaged services.
Liberty Latin America's revenues grew 4% to
US$1.22bn in 2Q22, driven by the addition of US$74mn from the acquisition of
the operations of Telefónica Costa Rica, organic growth in C&W Caribbean
& Networks, organic declines in VTR and a US$34mn net foreign exchange
impact.
Cable & Wireless Caribbean and Networks ended
June with 1.69mn fixed revenue generating units (RGUs) and 1.8mn mobile
subscribers. C&W Panamá ended that month with 503,500 RGUs and 1.4mn mobile
subscribers.
Figures from regulator Asep show that 6mn mobile
lines were in operation at end-2021, for penetration of 138%. The leading
mobile players were Millicom's Tigo, +Móvil and Digicel.
Of the total, 5mn lines were prepaid and the rest
postpaid. Some 3.7mn lines had access to the 4G network and the rest to 2G and
3G, while 43% of users accessed mobile broadband services.