América Móvil to buy Entel?

25 Apr 2006

According to BNamericas, América Móvil (AM) is in talks to buy Entel, Chile’s second largest telco, from the Almendral holding group. The Mexico-based giant already has a foothold in the Chilean market after acquiring the country’s third largest cellco Smartcom for USD472 million in August 2005. If the deal goes through, América Móvil would leapfrog Telefónica-owned Móvistar as the mobile market leader. The combined entity would almost certainly need to return some of its spectrum to the regulator SeCom.

Chile, America Movil (AM), Claro Chile, Entel Chile, Entel PCS