Mexican telecommunications giant America Movil BMV:AMX/B will overhaul its operations in Chile, it said on Monday, after it took full control of the unit in a share purchase from Liberty Latin America NASDAQ:LILA.
America Movil and Liberty Latin America announced in 2021 they were launching the Chilean joint venture, combining America Movil's Claro Chile and Liberty's VTR to form ClaroVTR. America Movil took a 91% stake in the firm last year.
It now holds total control in ClaroVTR after exercising a call option on the remaining shares, America Movil said in a filing.