Claro, the Brazil arm of Carlos Slim's América Móvil, is buying most of fiber provider Desktop in a deal worth about four billion reais.
Telecoms
Key Facts
—The deal. Claro is buying about 73 percent of Brazilian fiber provider Desktop, valuing it near four billion reais.
—The price. That enterprise value is roughly 770 million dollars, struck at a 44 percent premium to the prior share price.
—The owner. Claro is the Brazil arm of América Móvil, controlled by Mexican billionaire Carlos Slim.
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