MEXICO CITY (Reuters) - America Movil, the Mexican telecoms giant controlled by billionaire Carlos Slim, said on Monday its Peruvian subsidiary had agreed to buy Olo Del Peru S.A.C. and TVS Wireless S.A.C., two telecommunications operators in Peru.
In a statement to the Mexican bourse, America Movil said its local subsidiary, America Movil Peru S.A.C., had agreed a share deal with Metsanco Limited and its affiliates to buy the two companies, which hold 2.5 GHz spectrum.
The deal is subject to certain conditions being met, America Movil added, without disclosing financial details.
In March, America Movil’s Chief Financial Officer Carlos Garcia Moreno told Reuters the company, which is grappling with tough regulation at home and deepening recession in Brazil, had no acquisitions on the horizon.
Reporting by Gabriel Stargardter; Editing by Sandra Maler