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America Movil's Brazil units pressing for merger by end of 2014
August 1, 2014 / 1:06 PM / 3 years ago

America Movil's Brazil units pressing for merger by end of 2014

SAO PAULO, Aug 1 (Reuters) - The Brazilian units of Carlos Slim’s America Movil SAB de CV said on Friday they planned to wrap up their merger by the end of the year, a day after receiving approval from Brazil’s antitrust regulator.

Wireless carrier Claro will absorb cable television operator Net Serviços de Comunicação SA and long-distance fixed-line phone company Embratel Participações SA, the companies said in a securities filing. (Reporting by Cesar Bianconi; Editing by Jeffrey Benkoe)

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