Claro allowed in Minas Gerais

2 Dec 2005

Mobile operator Telecom Americas, which operates under the banner Claro, is now permitted to operate in the state of Minas Gerais, following an ownership restructuring move by local pension fund administrator Telos. The cellco was barred from launching in the region after the authorities found a cross-shareholding link between Claro’s parent America Movil and Telos, which has a stake in the state’s incumbent operator Telemig Celular. Telos also has a stake in long-distance telco Embratel, which is part of Telmex, the sister company of America Movil. Telos has resolved the problem by transferring its Telemig stake to another pension fund administrator, Angra Partners. Claro claims to have made significant investments in order to enter Minas Gerais and is keen to launch as soon as possible, to cash in on the Christmas sales season.

Brazil, Claro Brasil (incl. Embratel & NET Servicos)