America Movil SAB de CV

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3/26 11:10

H.I.G. Capital Sells Desktop to Claro Telecom for R$4B

H.I.G. Capital announced that one of its affiliates has signed a definitive agreement to sell its portfolio company Desktop, an internet service provider in the state of Sao Paulo, to Claro Telecom Participacoes, a subsidiary of America Movil. The closing of the transaction is subject to customary conditions precedent and approvals from the Brazilian regulatory authorities. The transaction is valued at R$4B, implying a price per share of R$20.82, based on Desktop's net debt as of September 30.

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