America Movil to buy Oceanic, pending approval

24 Aug 2007

Latin America’s largest mobile company by subscribers, America Movil, stated yesterday that it hopes to conclude a deal for Jamaican cellco Oceanic Digital by the fourth quarter of this year, providing it was approved by regulators. Oceanic has approximately 200,000 customers spread across Jamaica, El Salvador and the Dominican Republic. The value of the proposed deal has not been made public.

Dominican Republic, El Salvador, Jamaica, America Movil (AM), America Movil Jamaica (Claro), Oceanic Digital Communications El Salvador