• América Móvil now owns 100% following the call option purchase.
• The move enables full integration of fixed and mobile services.
What happened：América Móvil gains full control
América Móvil has finalised the purchase of Liberty Latin America’s remaining stake in ClaroVTR. The deal gives América Móvil 100 % ownership of the Chilean operator. It exercised a call option set when the joint venture was formed in 2021. América Móvil had increased its stake to 91 % in 2024 through debt‑to‑equity conversion (capacitymedia.com). The final transfer required no additional regulatory approvals.
Liberty Latin America’s exit ends a four‑year collaboration in Chile’s telecom sector (reuters.com). América Móvil confirmed a corporate restructuring is planned but said existing debt obligations remain unchanged. The joint venture had merged VTR’s broadband and cable services with Claro Chile’s mobile network. Analysts believe the full takeover enables streamlined management and faster integration.
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Why it’s important
Full ownership allows América Móvil to unify fixed, mobile and pay‑TV services under one brand. It strengthens customer retention through bundled packages and converged offerings.
The company can now invest in fibre and 5G deployment without joint‑venture constraints. Chile’s telecom market remains highly competitive, led by Entel and Movistar. A fully integrated ClaroVTR may intensify competition on pricing and service quality.
Analysts expect the move to deliver operational savings and quicker decision‑making. Chile is a strategic market due to high broadband penetration and demand for converged services. This acquisition aligns with América Móvil’s regional expansion strategy across Latin America. Industry experts view the deal as part of wider telecom consolidation in the region. Regulators and customers will watch whether the integration drives better coverage and network upgrades.
