El Salvador’s regulator, la Superintendencia de Competencia (SC), has approved the acquisition of all of Telefonica Multiservicios by Amnet, a fixed-line and internet services provider which belongs to Millicom.
Telefonica Multiservicios, which…
El Salvador’s regulator, la Superintendencia de Competencia (SC), has approved the acquisition of all of Telefonica Multiservicios by Amnet, a fixed-line and internet services provider which belongs to Millicom.
Telefonica Multiservicios, which is reportedly a joint venture between Telefonica and Amnet, provides fixed-line, internet and cable TV services.
The regulator concluded that the deal would not significantly impact competition in the market but has asked Amnet to provide evidence, during two years after completion, of the benefits of the transaction for its customers.