









America Movil's Claro agrees to buy Brazil's Desktop in $753 million deal

ReutersMar 22, 2026 8:52 PM

SAO PAULO, March 22 (Reuters) - Telecom operator Claro, owned by Mexico's America Movil AMXB.MX, said on Sunday it has agreed to acquire a 73% stake in Brazilian internet provider Desktop DESK3.SA for an enterprise value of 4 billion reais ($752.93 million).

The base equity price, after deducting Desktop's net debt, is about 2.41 billion reais, or 20.82 reais per share, Claro said in a securities filing.

The share price represents a 44.5% premium over Desktop's Friday closing price of 14.40 reais.
The deal requires approval from Brazil's antitrust regulator CADE and telecom regulator Anatel.
Following the transaction, Claro will launch a public tender offer for remaining Desktop shares at no less than the acquisition price per share.
Desktop specializes in fiber-optic internet services.
America Movil is controlled by the family of Mexican billionaire Carlos Slim.

($1 = 5.3126 reais)

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Tradingkey

Recommended Articles

Micron Plunges 10%, Earnings Beat Expectations, Stock Price Falls 30% Consecutively, Can AI Memory Chips Still Be Bought?

TradingKey — Micron Technology’s (MU) recent stock price performance has become a microcosm of shifting sentiment within the AI memory sector. Despite reporting robust earnings, the stock has weakened steadily following the announcement, marking a cumulative decline of nearly 30%. The market is now

IREN, NBIS, and CRWV: The Rise of Neoclouds in the AI Infrastructure Boom

Iris Energy (IREN), Nebius (NBIS) and Coreweave (CRWV) are frequently grouped due to their shared focus on AI infrastructure

Hedge Fund Tycoon Calls ‘Ten-Fold Opportunity,’ Fannie and Freddie Shares Both Surge Over 45%.

TradingKey - During Monday's U.S. Eastern trading session, shares of U.S. mortgage giants Fannie Mae and Freddie Mac experienced a rare surge, boosted by public bullish comments from renowned hedge fund manager Bill Ackman. Fannie Mae (FNMA) shares soared by more than 50%, while Freddie Mac (FMCC) jumped approximately 47%, becoming the focus of the market.

Bitcoin Price Analysis: What Is to Stop BTC from Making Another Run at All-Time Highs in 2026?

This strategic analysis covers institutional BTC price targets from JPMorgan and Fidelity, the impact of the U.S. Strategic Reserve, and whether the four-year cycle is broken. Stay updated on BTC to USD trends and key market risks.

What Is Google TurboQuant Compression Algorithm? How Does It Affect the AI Memory Chip Industry?

TradingKey - Google’s (GOOGL) (GOOG) introduction of the TurboQuant vector compression algorithm has sent shockwaves through the AI memory chip industry, acting like a precisely cast stone.

Tradingkey

KeyAI

