The Council of Ministers has given the green light to the telecommunications company Cable & Wireless Panamá, SA to acquire all the shares of the concessionaire Claro Panamá, SAWith Cabinet Resolution No. 69 dated June 22, 2022, published in the Official Gazette, the Panamanian government authorized Cable & Wireless Panamá, SA to acquire 100% of the issued and outstanding shares of Claro Panamá, SA to become the new shareholder.With this, Cable & Wireless Panama, SA acquires all the shares of América Móvil Perú, SAC, and those of the operating partner Radiomóvil Dipsa, SA de CV, hitherto shareholders of Claro Panamá, SAWith a brief and documentation, on May 25, 2022, the two companies requested in writing the National Authority for Public Services (Asep) to submit the proposal for approval of the replacement of the operator partner for consideration by the Council of Ministers .Asep considered that the request was justified and it was accredited in the economic concentration file that Cable & Wireless Panamá, SA In addition, it complied with the legal, technical and financial requirements established to replace the operator partner Claro Panamá , HERThe document also establishes that the economic concentration between the two mobile telephony concessionaires had the favorable opinion conditioned by the Authority for the protection of consumers and the defense of competition (Acodeco), in accordance with the provisions of article 1 of Law 36 of 2018, which indicates that the market must be consolidated into three concessions for the operation of the mobile telephone service.After the approval of the Council of Ministers, Cable & Wireless Panama, SA must operate as a single economic agent in the market, once the period of ten months indicated in the resolution has passed.The two contracts will be unified and will operate under a single concession contract.The Cabinet resolution establishes a deadline of four months, so that the replacement of the operating partner can be carried out.Source: https://www.panamaamerica.com.paSave my name, email, and website in this browser for the next time I comment.Notify me of follow-up comments by email.Notify me of new posts by email.This site uses Akismet to reduce spam.Learn more about how your comment data is used.Citizen newspaper of news and analysisEditor-in-chief: Claudy Briand Auguste