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Cable and Wireless buys Panama's Grupo Sonitel

Wednesday, August 27, 2014

Cable & Wireless acquired through its Panamanian subsidiary Grupo Sonitel.

The operation was worth $36 million, with an extra $5 million contingency fund.

With the operation Cable & Wireless will expand its presence in the region, as Sonitel provides information technology services in Panama, El Salvador, Nicaragua and peru.

Source (in Spanish): Panamá América