Brazil's Desktop jumps amid talks on potential sale for Claro

About this update from America Movil Sab De Cv Class B

** Shares in Brazilian internet provider Desktop BMFBOVESPA:DESK3 jump as the company confirmed it had held preliminary talks about a transaction with telecom operator Claro** Desktop said on Tuesday that discussions with Claro for a "potential transaction" were non-binding and no agreement had been reached on price, structure or other key terms so far** News outlet Brazil Journal reported that Claro, which is owned by Mexico's America Movil BMV:AMX/B, was in "advanced talks" for a full takeover that would take Desktop private** Analysts at BTG Pactual say the deal would mark "an important step" in the consolidation recently seen in Brazil's internet service provider market** Desktop's shares rise more than 9%, after jumping another 9% on Tuesday** Year-to-date, Desktop is up more than 18%

View stock analysis, news, and events for America Movil Sab De Cv Class B