Company makes growth its next move with acquisition of Nextel in Brazil
On March 18, 2019, America Movil S.A.B. de Ce (America Movil) announced that the company will be acquiring the wireless service Nextel in Brazil in a deal worth $905 million. As part of the deal, America Movil will integrate the company with its current operations based in Brazil through the company Claro. The deal will help grow the company's operations in the country by providing coverage for the country. The acquisition follows America Movil's recent acquisitions of assets in the South American region in the year.
M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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