Bell Canada International, Texas-based SBC Communications and Mexico's Amrica Mvil have announced the creation of a jointly-owned telecom firm called Telecom Amricas -- a facilities-based company t...
January 1, 2001
Bell Canada International, Texas-based SBC Communications and Mexico’s Amrica Mvil have announced the creation of a jointly-owned telecom firm called Telecom Amricas — a facilities-based company that will serve as their main vehicle for expansion in Latin America.
The companies have concluded a September, 2000 partnership agreement, in which Bell Canada International (a subsidiary of BCE Inc.) and Amrica Mvil will each hold a 44.3 per cent interest in the new entity. SBC’s wholly-owned subsidiary, SBC International, will have an 11.4 per cent stake in the company.
Telecom Amricas Ltd., launched with an initial capitalization of approximately US$4 billion, will focus on mobile, broadband and internet opportunities. The company will serve three million cellular, Internet and cable television customers in four main South American markets — Brazil, Venezuela, Argentina and Columbia.