Claro gets USD2.95 billion

13 Sep 2005

America Movil has transferred BRL6.8 billion (USD2.95 billion) to its Brazilian mobile arm Telecom Americas, which operates under the banner Claro. The Brazilian cellco will use the funds to pay off supplier debts and a loan with Brazilian development bank BNDES. At the end of June 2005 Claro claimed 72.1 million mobile customers.