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America Movil to buy Central American telecoms

Business Week | March 11, 2011 | Associated Press

Mexican telecom company American Movil plans to acquire a cell phone company’s operations in Honduras and El Salvador.

Latin America’s largest phone service provider says it has reached a deal to buy 100 percent of Jamaica-based Digicel’s operations in the two Central American countries.

As part of the deal, America Movil will sell Digicel its operations in Jamaica.

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