Believe it or not, Claro bought Flow. The sale probably went through because of financial distress worlwide and it probably affects former owner Mr.Michael Chin. Expect new and improve services. Digicel and LIME are now in a big/bigger mess. This is called a reverse merger where the smaller company takes over the larger one.
There are people in here who considers this a rumour but their holding company has also acquired Estesa Holding Corp., a provider, through its affiliates, of cable television, broadband residential and corporate data services in Nicaragua.
Here are a few key developments:
Claro Launches Mobile Broadband for Prepaid Users
01/6/2009
Claro Argentina, the local unit of America Movil S.A.B. de C.V. has launched mobile broadband service for prepaid customers. The user has to acquire a modem and can access internet services from any PC or laptop through prepaid cards.
America Movil S.A.B. de C.V. to Invest $3 Billion in Latin America in 2009
12/8/2008
America Movil S.A.B. de C.V. Reports Earnings Results for the First Nine Months Ended September 30, 2008
10/29/2008
America Movil S.A.B. de C.V. reported earnings results for the first nine months ended September 30, 2008. For the period, the company reported net profit of MXN 43.8 billion, up 15.1% year over year.