Equity Analysis /
Mexico

America Movil: Flash AMX: Agrees to sell Claro Panama

  • Amx has entered into an agreement to sell its Claro Panama subsidiary for $200 million or ~4.4x FV/EBITDA multiple

  • The deal seems unrepresentative for the size of the company, as the amount will be only 0.2% of America Movil's EV

  • Operations in this country are particularly affected by the virus. We consider the exit from this market to be positive

Marissa Garza Ostos
Marissa Garza Ostos

Head of Equity Research

Banorte
15 September 2021
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