Net Servicos integrates three regional divisions to simplify structure

17 Sep 2013

The Brazilian cable TV operator Net Servicos is to simplify its corporate structure and improve efficiency by incorporating three of its regional subsidiaries, Net Brasilia, Net Rio and Jacarei Cabo. Net Servicos is part of the Mexico-based America Movil (AM) group, and the latest move is part of a group-wide strategy to simplify the company holding structure. In April 2013 AM revealed plans to merge its fixed and mobile telecoms and cable TV operations in Brazil in a bid to reduce overall operational costs. Under the plan, AM will amalgamate Embratel Participacoes, Claro-branded mobile unit Telecom Americas and Net Servicos. The three AM units are currently evaluating options for a structural merger.

Brazil