América Móvil in Acquisition of Honduras and El Salvador Wireless Providers and Sale of Jamaican Operations

Cleary Gottlieb is representing América Móvil, S.A.B. de C.V. in its acquisition of 100% of the operations in Honduras and El Salvador of Digicel Group Limited and its affiliates. The deal also involved the sale of América Móvil’s operations in Jamaica to Digicel. The completion of the transaction is subject to governmental and regulatory approvals in Honduras, El Salvador and Jamaica, among other conditions, and is expected to occur during the second quarter of 2011.

América Móvil is the leading provider of wireless services in Latin America, with 225 million wireless subscribers and 51.5 million fixed revenue generating units in the Americas (as of December 31, 2010). Cleary Gottlieb has advised América Móvil since its founding in 2000 on a wide variety of matters, including a number of acquisitions throughout Central America, South America and the Caribbean.