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América Móvil Completes 100% Acquisition of ClaroVTR in Chile

The purchase triggers a reorganization of Chilean subsidiaries to boost efficiency ahead of a multi-year network expansion program.

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Overview

  • América Móvil exercised its call option on July 28–29 to acquire the remaining 100% of ClaroVTR’s shares from LLA UK Holding without needing any regulatory approvals.
  • The company has consolidated full ownership of ClaroVTR and will reorganize its Chilean corporate structure, operations and assets to achieve greater cost and process efficiencies without affecting existing debt holders.
  • In Q2 2025 the Chile-Paraguay-Uruguay unit posted 6.4% year-on-year revenue growth to 322 billion pesos, with service revenues up 2.2% and mobile service revenues accelerating to 8.3%.
  • CEO Daniel Hajj has outlined a three- to five-year plan to expand coverage, deploy 5G and migrate to fiber in Chile to drive market-share gains.
  • The deal reinforces Carlos Slim’s strategy to deepen América Móvil’s Southern Cone footprint and leverage economies of scale across Chile, Paraguay and Uruguay.