Digicel negotiating for Claro Jamaica

Digicel has announced that it has signed an agreement with América Móvil to acquire its Claro business in Jamaica.

In return, Digicel will sell its businesses in El Salvador and Honduras to América Móvil.

The financial terms of the transaction were not disclosed.

However, there will be a net cash payment to Digicel.

The transaction is subject to regulatory approvals and is expected to close in the second calendar quarter.