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M&A Deal Summary

America Movil Acquires Embratel Participações S.A.

On January 1, 2003, America Movil acquired communications company Embratel Participações S.A.

Acquisition Highlights
  • This is America Movil’s 1st transaction in the Communications sector.
  • This is America Movil’s 1st transaction in Brazil.

M&A Deal Summary
Date 2003-01-01
Target Embratel Participações S.A.
Sector Communications
Buyer(s) America Movil
Deal Type Add-on Acquisition

Target

Embratel Participações S.A.

Rio de Janeiro, Brazil
Embratel Participações S.A is a provider of telecommunications service.

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Buyer(S) 1

Buyer

America Movil

Mexico City, Mexico
Category Company
Founded 2000
Sector Communications
Employees179,942
Revenue 816.0B MXN (2023)
DESCRIPTION

America Movil is a wireless services provider. América Movil was founded in 2000 and is headquartered in Mexico City, Mexico.

DEAL STATS #
Overall 1 of 1
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Brazil) 1 of 1
Year (2003) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-14 TracFone Wireless

Miami, Florida, United States

TracFone Wireless is a prepaid, no-contract wireless service provider with more than 20 million subscribers through a network of over 90,000 retail locations nationwide. TracFone Wireless was formed in 1996 and is based in Miami, Florida.

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