América Móvil buys out Digicel in El Salvador
El Salvador authorized the purchase of Irish-owned cellphone operator Digicel by Claro, the unit of Mexico's América Móvil.
Agreement was reached on the purchase more than a year ago. Claro executives say they will have 40 percent of the market in El Salvador.
El Salvador has 6.1 million inhabitants and more than 7.4 million cellphones.
Source (in Spanish): Efe