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C.08-12 CS admitted for analysis acquisition authorization request between AMNET and Telefonica Multiservicios
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C.08-12 CS admitted for analysis acquisition authorization request between AMNET and Telefonica Multiservicios

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The Competition Superintendence (CS) admitted for analysis the acquisition authorization request filed by the companies Amnet Telecommunications and Telefonica Multiservicios, S. A. de C. V., for the …

The Competition Superintendence (CS) admitted for analysis the acquisition authorization request filed by the companies Amnet Telecommunications and Telefonica Multiservicios, S. A. de C. V., for the purchase by Amnet of the clientele portfolio and certain assets belonging to Telefonica Multiservicios, directly related in rendering telephony and internet services.

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  • 1. Press Release C. 08-12El Salvador, February 13th, 2012. CS admitted for analysis acquisition authorization request between AMNET and Telefonica MultiserviciosThe Competition Superintendence (CS) admitted for analysis the acquisition authorization requestfiled by the companies Amnet Telecommunications and Telefonica Multiservicios, S. A. de C. V., forthe purchase by Amnet of the clientele portfolio and certain assets belonging to TelefonicaMultiservicios, directly related in rendering telephony and internet services. The CS admitted for analysis the acquisition authorization request filed by “The CS must carry the companies Amnet Telecommunications, Ltda. de C. V., hereinafter out a technical, legal, AMNET, and Telefonica Multiservicios S. A. de C. V., hereinafter and economic Telefonica Multiservicios. This is the third authorization request filed by analysis in order to these companies. determine if the operation will or will The Board of Directors (BD) issued a resolution requesting the petitioners to not significantly limit present the necessary information and documentation for the preliminary competition. admissibility and for the technical, legal, and economic analysis that must Pursuant to this be carried on in order to determine if the operation will significantly limit analysis, the CS has competition. All the aforementioned pursuant to articles 14 letter e), 31, been legally 32, 33, 34, and 35 of the Competition Law (CL) and articles 25 and 26 of empowered to its regulations (CLR). authorize, condition, or deny the merger According to the Competition Superintendent, Francisco Diaz Rodriguez, or acquisition”, the above cited request was completed satisfactorily by the petitioners by asserted Francisco means of a writ and documentation filed on January 25th, 2012. Diaz Rodriguez, Consequently, the BD admitted the authorization request for analysis. Competition Superintendent. Pursuant to Article 28 of the CLR, the CS may request information from other economic agents related to the merger or acquisition in order toobtain the necessary inputs for a profound and detailed analysis.The CS has 90 calendar days to issue a resolution pertaining to a merger or acquisition in accordance toArticles 35 of the CL and 27 of its regulations.

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