SlideShare uma empresa Scribd logo
1 de 1
Baixar para ler offline
Press Release                                                                                     C. 12-12

El Salvador, April 23rd, 2012.



          Claro filed new request to acquire
                        Digicel
Claro filed a new request before the Competition Superintendence (CS) in order to be authorized
to purchase Digicel. The CS has required Claro to file complementary information that will
allow said institution to admit the request for analysis.

                                 The CS received a new acquisition authorization request from the company
  “The new request is
  being currently                America Movil, owner of the trademark Claro, to purchase all of Digicel´s
  reviewed for                   shares.
  admission. The CS has
                                 Pursuant to the review carried out by the CS, the information and
  required Claro to file
                                 documentation filed did not comply with the requirements set forth in Articles
  necessary information
                                 35 of the Competition Law (CL) and 25 of its Regulations; thus, it was
  and documentation in
  order to admit said            insufficient to execute the admissibility analysis of the request. Hence, the CS
  request for analysis.          has given America Movil 30 business days to comply with the legal
  After admission, the           requirements.
  BD shall review the
                                 If the information is filed in compliance with the CL and its regulations, the
  new request and its
                                 aforementioned acquisition request shall be admitted for analysis and the CS
  variations with respect
  to the first request filed     shall have 90 calendar days to carry out a technical, legal, and economic
  last year” informed            review that shall allow the competition authority to decide whether to
  Francisco Diaz                 authorize, condition, or deny the acquisition.
  Rodriguez, Chairman
                           Important is to mention that in 2011 when Claro for the first time filed an
  of the BD of the CS.
                           acquisition authorization request to purchase all of Digicel´s shares, the Board
of Directors (BD) of the CS decided to condition the authorization establishing certain “ex ante” and “ex
post” remedies that seeked to minimize the negative impact that this operation could have on the
competition conditions of the mobile telephony market and to guarantee consumer welfare.

Claro filed a revision recourse against the above cited decision asking for the acquisition to be authorized
without any remedies but pursuant to the pertinent analysis the BD of the CS declared firm the decision
with the “ex ante” and “ex post” remedies.

On December 9th, 2011, Claro filed a writ before the CS informing its decision not to continue with that
purchase procedure. Notwithstanding the aforementioned, three months later, on March 28th, 2012 Claro
initiated a new procedure of the same nature as the previous one.

Mais conteúdo relacionado

Destaque (6)

7
77
7
 
Mineros sepultados por una piedra
Mineros sepultados por una piedraMineros sepultados por una piedra
Mineros sepultados por una piedra
 
Octavo semana 5
Octavo semana 5Octavo semana 5
Octavo semana 5
 
La marca se construye de adentro hacia fuera
La marca se construye de adentro hacia fueraLa marca se construye de adentro hacia fuera
La marca se construye de adentro hacia fuera
 
15
1515
15
 
Bach+richard+ +juan+salvador+gaviota
Bach+richard+ +juan+salvador+gaviotaBach+richard+ +juan+salvador+gaviota
Bach+richard+ +juan+salvador+gaviota
 

Semelhante a C.12-12 Claro filed new request to acquire Digicel

7 19 julio 2012 - cs admitted for analysis new claro – digicel acquisition ...
7   19 julio 2012 - cs admitted for analysis new claro – digicel acquisition ...7   19 julio 2012 - cs admitted for analysis new claro – digicel acquisition ...
7 19 julio 2012 - cs admitted for analysis new claro – digicel acquisition ...Superintendencia de Competencia
 
C.14-11 CS Admits for Analysis the New Acquisition Authorization Request File...
C.14-11 CS Admits for Analysis the New Acquisition Authorization Request File...C.14-11 CS Admits for Analysis the New Acquisition Authorization Request File...
C.14-11 CS Admits for Analysis the New Acquisition Authorization Request File...Superintendencia de Competencia
 
C.12-11 CS Declared Claro-Digicel Acquisition Request Inadmissible
C.12-11 CS Declared Claro-Digicel Acquisition Request Inadmissible C.12-11 CS Declared Claro-Digicel Acquisition Request Inadmissible
C.12-11 CS Declared Claro-Digicel Acquisition Request Inadmissible Superintendencia de Competencia
 
C.08-12 CS admitted for analysis acquisition authorization request between AM...
C.08-12 CS admitted for analysis acquisition authorization request between AM...C.08-12 CS admitted for analysis acquisition authorization request between AM...
C.08-12 CS admitted for analysis acquisition authorization request between AM...Superintendencia de Competencia
 
Corel V Nat Rev at CITT by Okafo EKE
Corel V Nat Rev at CITT by Okafo EKE Corel V Nat Rev at CITT by Okafo EKE
Corel V Nat Rev at CITT by Okafo EKE Néka O'kafo EKE
 
C.11-12 CS Imposed a Fine on Dizucar for Filing Inexact Information
C.11-12 CS Imposed a Fine on Dizucar for Filing Inexact InformationC.11-12 CS Imposed a Fine on Dizucar for Filing Inexact Information
C.11-12 CS Imposed a Fine on Dizucar for Filing Inexact InformationSuperintendencia de Competencia
 
C.02-12 CS Analyzes Acquisition of Europa Supermarkets by Calleja
C.02-12 CS Analyzes Acquisition of Europa Supermarkets by CallejaC.02-12 CS Analyzes Acquisition of Europa Supermarkets by Calleja
C.02-12 CS Analyzes Acquisition of Europa Supermarkets by CallejaSuperintendencia de Competencia
 
Conflict Minerals Update: Making Sense of the Appellate Court Decision and SE...
Conflict Minerals Update: Making Sense of the Appellate Court Decision and SE...Conflict Minerals Update: Making Sense of the Appellate Court Decision and SE...
Conflict Minerals Update: Making Sense of the Appellate Court Decision and SE...Ethisphere
 
Competition-Newsletter-Q3-of-2023-Final.pdf
Competition-Newsletter-Q3-of-2023-Final.pdfCompetition-Newsletter-Q3-of-2023-Final.pdf
Competition-Newsletter-Q3-of-2023-Final.pdfEconomic Laws Practice
 
Federal Procurement Updates June 2010
Federal Procurement Updates June 2010Federal Procurement Updates June 2010
Federal Procurement Updates June 2010fkenniasty
 
C.21-11 America Movil Asks CS to Authorize Acquisition of Digicel without Rem...
C.21-11 America Movil Asks CS to Authorize Acquisition of Digicel without Rem...C.21-11 America Movil Asks CS to Authorize Acquisition of Digicel without Rem...
C.21-11 America Movil Asks CS to Authorize Acquisition of Digicel without Rem...Superintendencia de Competencia
 
Background  Things are moving quickly for the GC owners.  They are
Background  Things are moving quickly for the GC owners.  They are Background  Things are moving quickly for the GC owners.  They are
Background  Things are moving quickly for the GC owners.  They are kacie8xcheco
 
C.14-12 CS authorized acquisition of Telefonica Multiservicios´ clientele and...
C.14-12 CS authorized acquisition of Telefonica Multiservicios´ clientele and...C.14-12 CS authorized acquisition of Telefonica Multiservicios´ clientele and...
C.14-12 CS authorized acquisition of Telefonica Multiservicios´ clientele and...Superintendencia de Competencia
 
ELP-Quarterly-Update-Competition-Law-Policy-Newsletter-Q1-of-2023.pdf
ELP-Quarterly-Update-Competition-Law-Policy-Newsletter-Q1-of-2023.pdfELP-Quarterly-Update-Competition-Law-Policy-Newsletter-Q1-of-2023.pdf
ELP-Quarterly-Update-Competition-Law-Policy-Newsletter-Q1-of-2023.pdfEconomic Laws Practice
 

Semelhante a C.12-12 Claro filed new request to acquire Digicel (20)

7 19 julio 2012 - cs admitted for analysis new claro – digicel acquisition ...
7   19 julio 2012 - cs admitted for analysis new claro – digicel acquisition ...7   19 julio 2012 - cs admitted for analysis new claro – digicel acquisition ...
7 19 julio 2012 - cs admitted for analysis new claro – digicel acquisition ...
 
C.14-11 CS Admits for Analysis the New Acquisition Authorization Request File...
C.14-11 CS Admits for Analysis the New Acquisition Authorization Request File...C.14-11 CS Admits for Analysis the New Acquisition Authorization Request File...
C.14-11 CS Admits for Analysis the New Acquisition Authorization Request File...
 
C.12-11 CS Declared Claro-Digicel Acquisition Request Inadmissible
C.12-11 CS Declared Claro-Digicel Acquisition Request Inadmissible C.12-11 CS Declared Claro-Digicel Acquisition Request Inadmissible
C.12-11 CS Declared Claro-Digicel Acquisition Request Inadmissible
 
C.08-12 CS admitted for analysis acquisition authorization request between AM...
C.08-12 CS admitted for analysis acquisition authorization request between AM...C.08-12 CS admitted for analysis acquisition authorization request between AM...
C.08-12 CS admitted for analysis acquisition authorization request between AM...
 
Corel V Nat Rev at CITT by Okafo EKE
Corel V Nat Rev at CITT by Okafo EKE Corel V Nat Rev at CITT by Okafo EKE
Corel V Nat Rev at CITT by Okafo EKE
 
Cs denies authorization to acquire digicel
Cs denies authorization to acquire digicelCs denies authorization to acquire digicel
Cs denies authorization to acquire digicel
 
C.07-11 CS Analyzes Four Mergers/Acquisitions
C.07-11 CS Analyzes Four Mergers/AcquisitionsC.07-11 CS Analyzes Four Mergers/Acquisitions
C.07-11 CS Analyzes Four Mergers/Acquisitions
 
C.11-12 CS Imposed a Fine on Dizucar for Filing Inexact Information
C.11-12 CS Imposed a Fine on Dizucar for Filing Inexact InformationC.11-12 CS Imposed a Fine on Dizucar for Filing Inexact Information
C.11-12 CS Imposed a Fine on Dizucar for Filing Inexact Information
 
February-March2015Christensen
February-March2015ChristensenFebruary-March2015Christensen
February-March2015Christensen
 
C.02-12 CS Analyzes Acquisition of Europa Supermarkets by Calleja
C.02-12 CS Analyzes Acquisition of Europa Supermarkets by CallejaC.02-12 CS Analyzes Acquisition of Europa Supermarkets by Calleja
C.02-12 CS Analyzes Acquisition of Europa Supermarkets by Calleja
 
Conflict Minerals Update: Making Sense of the Appellate Court Decision and SE...
Conflict Minerals Update: Making Sense of the Appellate Court Decision and SE...Conflict Minerals Update: Making Sense of the Appellate Court Decision and SE...
Conflict Minerals Update: Making Sense of the Appellate Court Decision and SE...
 
Competition-Newsletter-Q3-of-2023-Final.pdf
Competition-Newsletter-Q3-of-2023-Final.pdfCompetition-Newsletter-Q3-of-2023-Final.pdf
Competition-Newsletter-Q3-of-2023-Final.pdf
 
Federal Procurement Updates June 2010
Federal Procurement Updates June 2010Federal Procurement Updates June 2010
Federal Procurement Updates June 2010
 
C.21-11 America Movil Asks CS to Authorize Acquisition of Digicel without Rem...
C.21-11 America Movil Asks CS to Authorize Acquisition of Digicel without Rem...C.21-11 America Movil Asks CS to Authorize Acquisition of Digicel without Rem...
C.21-11 America Movil Asks CS to Authorize Acquisition of Digicel without Rem...
 
Colin Harris and Mark Kenney
Colin Harris and Mark KenneyColin Harris and Mark Kenney
Colin Harris and Mark Kenney
 
TN WORKERS’ COMP CHRONICLE July 2009
TN WORKERS’ COMP CHRONICLE July 2009TN WORKERS’ COMP CHRONICLE July 2009
TN WORKERS’ COMP CHRONICLE July 2009
 
Background  Things are moving quickly for the GC owners.  They are
Background  Things are moving quickly for the GC owners.  They are Background  Things are moving quickly for the GC owners.  They are
Background  Things are moving quickly for the GC owners.  They are
 
C.14-12 CS authorized acquisition of Telefonica Multiservicios´ clientele and...
C.14-12 CS authorized acquisition of Telefonica Multiservicios´ clientele and...C.14-12 CS authorized acquisition of Telefonica Multiservicios´ clientele and...
C.14-12 CS authorized acquisition of Telefonica Multiservicios´ clientele and...
 
ELP-Quarterly-Update-Competition-Law-Policy-Newsletter-Q1-of-2023.pdf
ELP-Quarterly-Update-Competition-Law-Policy-Newsletter-Q1-of-2023.pdfELP-Quarterly-Update-Competition-Law-Policy-Newsletter-Q1-of-2023.pdf
ELP-Quarterly-Update-Competition-Law-Policy-Newsletter-Q1-of-2023.pdf
 
Prosecution Luncheon November 2012
Prosecution Luncheon November 2012Prosecution Luncheon November 2012
Prosecution Luncheon November 2012
 

Mais de Superintendencia de Competencia

Convenio Marco de Cooperación Interinstitucional entre el CNR y la SC
Convenio Marco de Cooperación Interinstitucional entre el CNR y la SCConvenio Marco de Cooperación Interinstitucional entre el CNR y la SC
Convenio Marco de Cooperación Interinstitucional entre el CNR y la SCSuperintendencia de Competencia
 
C.04-16 Presidente de la República reelige a Consejo Directivo de la SC
C.04-16 Presidente de la República reelige a Consejo Directivo de la SCC.04-16 Presidente de la República reelige a Consejo Directivo de la SC
C.04-16 Presidente de la República reelige a Consejo Directivo de la SCSuperintendencia de Competencia
 
C.01-16 SC inicia 2016 con un panorama esperanzador en la promoción y garantí...
C.01-16 SC inicia 2016 con un panorama esperanzador en la promoción y garantí...C.01-16 SC inicia 2016 con un panorama esperanzador en la promoción y garantí...
C.01-16 SC inicia 2016 con un panorama esperanzador en la promoción y garantí...Superintendencia de Competencia
 
Estudio sectorial del sector Marítimo Portuario en El Salvador
Estudio sectorial del sector Marítimo Portuario en El SalvadorEstudio sectorial del sector Marítimo Portuario en El Salvador
Estudio sectorial del sector Marítimo Portuario en El SalvadorSuperintendencia de Competencia
 
C.33-15 Consejo Directivo de SC ratifica sanciones impuestas a telefónicas
C.33-15 Consejo Directivo de SC ratifica sanciones impuestas a telefónicasC.33-15 Consejo Directivo de SC ratifica sanciones impuestas a telefónicas
C.33-15 Consejo Directivo de SC ratifica sanciones impuestas a telefónicasSuperintendencia de Competencia
 
C.31-15 SC presenta estudio de distribución minorista de productos de consumo...
C.31-15 SC presenta estudio de distribución minorista de productos de consumo...C.31-15 SC presenta estudio de distribución minorista de productos de consumo...
C.31-15 SC presenta estudio de distribución minorista de productos de consumo...Superintendencia de Competencia
 
C.30-15 SC inicia actuaciones previas relacionadas con la aplicación del CESC
C.30-15 SC inicia actuaciones previas relacionadas con la aplicación del CESCC.30-15 SC inicia actuaciones previas relacionadas con la aplicación del CESC
C.30-15 SC inicia actuaciones previas relacionadas con la aplicación del CESCSuperintendencia de Competencia
 
SC-016-S/ON/R-2015 Convenio Transporte Aéreo Malasia - El Salvador
SC-016-S/ON/R-2015  Convenio Transporte Aéreo Malasia - El SalvadorSC-016-S/ON/R-2015  Convenio Transporte Aéreo Malasia - El Salvador
SC-016-S/ON/R-2015 Convenio Transporte Aéreo Malasia - El SalvadorSuperintendencia de Competencia
 
C 28-15 Imparten formación a funcionarios de UACIs sobre competencia y compra...
C 28-15 Imparten formación a funcionarios de UACIs sobre competencia y compra...C 28-15 Imparten formación a funcionarios de UACIs sobre competencia y compra...
C 28-15 Imparten formación a funcionarios de UACIs sobre competencia y compra...Superintendencia de Competencia
 
C.27-15 SC lanza segunda fase de aplicación digital “AppSC”
C.27-15 SC lanza segunda fase de aplicación digital “AppSC”C.27-15 SC lanza segunda fase de aplicación digital “AppSC”
C.27-15 SC lanza segunda fase de aplicación digital “AppSC”Superintendencia de Competencia
 
C.26-15 Telefónicas presentan recurso contra sanciones impuestas por la SC
C.26-15 Telefónicas presentan recurso contra sanciones impuestas por la SCC.26-15 Telefónicas presentan recurso contra sanciones impuestas por la SC
C.26-15 Telefónicas presentan recurso contra sanciones impuestas por la SCSuperintendencia de Competencia
 

Mais de Superintendencia de Competencia (20)

Banco Central de Reserva (BCR)
Banco Central de Reserva (BCR)Banco Central de Reserva (BCR)
Banco Central de Reserva (BCR)
 
Convenio Marco de Cooperación Interinstitucional entre el CNR y la SC
Convenio Marco de Cooperación Interinstitucional entre el CNR y la SCConvenio Marco de Cooperación Interinstitucional entre el CNR y la SC
Convenio Marco de Cooperación Interinstitucional entre el CNR y la SC
 
C.04-16 Presidente de la República reelige a Consejo Directivo de la SC
C.04-16 Presidente de la República reelige a Consejo Directivo de la SCC.04-16 Presidente de la República reelige a Consejo Directivo de la SC
C.04-16 Presidente de la República reelige a Consejo Directivo de la SC
 
SC-060-O/ES/R-2013
SC-060-O/ES/R-2013SC-060-O/ES/R-2013
SC-060-O/ES/R-2013
 
SC-025-O/ES/R-2014
SC-025-O/ES/R-2014 SC-025-O/ES/R-2014
SC-025-O/ES/R-2014
 
C.01-16 SC inicia 2016 con un panorama esperanzador en la promoción y garantí...
C.01-16 SC inicia 2016 con un panorama esperanzador en la promoción y garantí...C.01-16 SC inicia 2016 con un panorama esperanzador en la promoción y garantí...
C.01-16 SC inicia 2016 con un panorama esperanzador en la promoción y garantí...
 
SC-061-O/ES/R-2013
SC-061-O/ES/R-2013SC-061-O/ES/R-2013
SC-061-O/ES/R-2013
 
Estudio sectorial del sector Marítimo Portuario en El Salvador
Estudio sectorial del sector Marítimo Portuario en El SalvadorEstudio sectorial del sector Marítimo Portuario en El Salvador
Estudio sectorial del sector Marítimo Portuario en El Salvador
 
C.33-15 Consejo Directivo de SC ratifica sanciones impuestas a telefónicas
C.33-15 Consejo Directivo de SC ratifica sanciones impuestas a telefónicasC.33-15 Consejo Directivo de SC ratifica sanciones impuestas a telefónicas
C.33-15 Consejo Directivo de SC ratifica sanciones impuestas a telefónicas
 
SC-047-D-PS-R-2013
SC-047-D-PS-R-2013SC-047-D-PS-R-2013
SC-047-D-PS-R-2013
 
SC-047-D/PS/R-2013
SC-047-D/PS/R-2013SC-047-D/PS/R-2013
SC-047-D/PS/R-2013
 
C.32-15 Culmina curso sobre Derecho de Competencia
C.32-15 Culmina curso sobre Derecho de CompetenciaC.32-15 Culmina curso sobre Derecho de Competencia
C.32-15 Culmina curso sobre Derecho de Competencia
 
C.31-15 SC presenta estudio de distribución minorista de productos de consumo...
C.31-15 SC presenta estudio de distribución minorista de productos de consumo...C.31-15 SC presenta estudio de distribución minorista de productos de consumo...
C.31-15 SC presenta estudio de distribución minorista de productos de consumo...
 
C.30-15 SC inicia actuaciones previas relacionadas con la aplicación del CESC
C.30-15 SC inicia actuaciones previas relacionadas con la aplicación del CESCC.30-15 SC inicia actuaciones previas relacionadas con la aplicación del CESC
C.30-15 SC inicia actuaciones previas relacionadas con la aplicación del CESC
 
SC-016-S/ON/R-2015 Convenio Transporte Aéreo Malasia - El Salvador
SC-016-S/ON/R-2015  Convenio Transporte Aéreo Malasia - El SalvadorSC-016-S/ON/R-2015  Convenio Transporte Aéreo Malasia - El Salvador
SC-016-S/ON/R-2015 Convenio Transporte Aéreo Malasia - El Salvador
 
Anti-Cartel Enforcement Template
Anti-Cartel Enforcement TemplateAnti-Cartel Enforcement Template
Anti-Cartel Enforcement Template
 
C.29-15 Una semana de consultas
C.29-15 Una semana de consultasC.29-15 Una semana de consultas
C.29-15 Una semana de consultas
 
C 28-15 Imparten formación a funcionarios de UACIs sobre competencia y compra...
C 28-15 Imparten formación a funcionarios de UACIs sobre competencia y compra...C 28-15 Imparten formación a funcionarios de UACIs sobre competencia y compra...
C 28-15 Imparten formación a funcionarios de UACIs sobre competencia y compra...
 
C.27-15 SC lanza segunda fase de aplicación digital “AppSC”
C.27-15 SC lanza segunda fase de aplicación digital “AppSC”C.27-15 SC lanza segunda fase de aplicación digital “AppSC”
C.27-15 SC lanza segunda fase de aplicación digital “AppSC”
 
C.26-15 Telefónicas presentan recurso contra sanciones impuestas por la SC
C.26-15 Telefónicas presentan recurso contra sanciones impuestas por la SCC.26-15 Telefónicas presentan recurso contra sanciones impuestas por la SC
C.26-15 Telefónicas presentan recurso contra sanciones impuestas por la SC
 

Último

Ministry of Justice Extradition Eswatini 3.pdf
Ministry of Justice Extradition Eswatini 3.pdfMinistry of Justice Extradition Eswatini 3.pdf
Ministry of Justice Extradition Eswatini 3.pdfSABC News
 
Por estos dos motivos, defensa de JOH solicita repetir juicio
Por estos dos motivos, defensa de JOH solicita repetir juicioPor estos dos motivos, defensa de JOH solicita repetir juicio
Por estos dos motivos, defensa de JOH solicita repetir juicioAlexisTorres963861
 
Light Rail in Canberra: Too much, too little, too late: Is the price worth th...
Light Rail in Canberra: Too much, too little, too late: Is the price worth th...Light Rail in Canberra: Too much, too little, too late: Is the price worth th...
Light Rail in Canberra: Too much, too little, too late: Is the price worth th...University of Canberra
 
Anantkumar Hegde
Anantkumar Hegde  Anantkumar Hegde
Anantkumar Hegde NewsFeed1
 
Green Aesthetic Ripped Paper Thesis Defense Presentation_20240311_111012_0000...
Green Aesthetic Ripped Paper Thesis Defense Presentation_20240311_111012_0000...Green Aesthetic Ripped Paper Thesis Defense Presentation_20240311_111012_0000...
Green Aesthetic Ripped Paper Thesis Defense Presentation_20240311_111012_0000...virgfern3011
 
19032024_First India Newspaper Jaipur.pdf
19032024_First India Newspaper Jaipur.pdf19032024_First India Newspaper Jaipur.pdf
19032024_First India Newspaper Jaipur.pdfFIRST INDIA
 
Européennes 2024 : projection du Parlement européen à trois mois du scrutin
Européennes 2024 : projection du Parlement européen à trois mois du scrutinEuropéennes 2024 : projection du Parlement européen à trois mois du scrutin
Européennes 2024 : projection du Parlement européen à trois mois du scrutinIpsos France
 
One India vs United India by Dream Tamilnadu
One India vs United India by Dream TamilnaduOne India vs United India by Dream Tamilnadu
One India vs United India by Dream TamilnaduDreamTamilnadu
 
Another Day, Another Default Judgment Against Gabe Whitley
Another Day, Another Default Judgment Against Gabe WhitleyAnother Day, Another Default Judgment Against Gabe Whitley
Another Day, Another Default Judgment Against Gabe WhitleyAbdul-Hakim Shabazz
 

Último (9)

Ministry of Justice Extradition Eswatini 3.pdf
Ministry of Justice Extradition Eswatini 3.pdfMinistry of Justice Extradition Eswatini 3.pdf
Ministry of Justice Extradition Eswatini 3.pdf
 
Por estos dos motivos, defensa de JOH solicita repetir juicio
Por estos dos motivos, defensa de JOH solicita repetir juicioPor estos dos motivos, defensa de JOH solicita repetir juicio
Por estos dos motivos, defensa de JOH solicita repetir juicio
 
Light Rail in Canberra: Too much, too little, too late: Is the price worth th...
Light Rail in Canberra: Too much, too little, too late: Is the price worth th...Light Rail in Canberra: Too much, too little, too late: Is the price worth th...
Light Rail in Canberra: Too much, too little, too late: Is the price worth th...
 
Anantkumar Hegde
Anantkumar Hegde  Anantkumar Hegde
Anantkumar Hegde
 
Green Aesthetic Ripped Paper Thesis Defense Presentation_20240311_111012_0000...
Green Aesthetic Ripped Paper Thesis Defense Presentation_20240311_111012_0000...Green Aesthetic Ripped Paper Thesis Defense Presentation_20240311_111012_0000...
Green Aesthetic Ripped Paper Thesis Defense Presentation_20240311_111012_0000...
 
19032024_First India Newspaper Jaipur.pdf
19032024_First India Newspaper Jaipur.pdf19032024_First India Newspaper Jaipur.pdf
19032024_First India Newspaper Jaipur.pdf
 
Européennes 2024 : projection du Parlement européen à trois mois du scrutin
Européennes 2024 : projection du Parlement européen à trois mois du scrutinEuropéennes 2024 : projection du Parlement européen à trois mois du scrutin
Européennes 2024 : projection du Parlement européen à trois mois du scrutin
 
One India vs United India by Dream Tamilnadu
One India vs United India by Dream TamilnaduOne India vs United India by Dream Tamilnadu
One India vs United India by Dream Tamilnadu
 
Another Day, Another Default Judgment Against Gabe Whitley
Another Day, Another Default Judgment Against Gabe WhitleyAnother Day, Another Default Judgment Against Gabe Whitley
Another Day, Another Default Judgment Against Gabe Whitley
 

C.12-12 Claro filed new request to acquire Digicel

  • 1. Press Release C. 12-12 El Salvador, April 23rd, 2012. Claro filed new request to acquire Digicel Claro filed a new request before the Competition Superintendence (CS) in order to be authorized to purchase Digicel. The CS has required Claro to file complementary information that will allow said institution to admit the request for analysis. The CS received a new acquisition authorization request from the company “The new request is being currently America Movil, owner of the trademark Claro, to purchase all of Digicel´s reviewed for shares. admission. The CS has Pursuant to the review carried out by the CS, the information and required Claro to file documentation filed did not comply with the requirements set forth in Articles necessary information 35 of the Competition Law (CL) and 25 of its Regulations; thus, it was and documentation in order to admit said insufficient to execute the admissibility analysis of the request. Hence, the CS request for analysis. has given America Movil 30 business days to comply with the legal After admission, the requirements. BD shall review the If the information is filed in compliance with the CL and its regulations, the new request and its aforementioned acquisition request shall be admitted for analysis and the CS variations with respect to the first request filed shall have 90 calendar days to carry out a technical, legal, and economic last year” informed review that shall allow the competition authority to decide whether to Francisco Diaz authorize, condition, or deny the acquisition. Rodriguez, Chairman Important is to mention that in 2011 when Claro for the first time filed an of the BD of the CS. acquisition authorization request to purchase all of Digicel´s shares, the Board of Directors (BD) of the CS decided to condition the authorization establishing certain “ex ante” and “ex post” remedies that seeked to minimize the negative impact that this operation could have on the competition conditions of the mobile telephony market and to guarantee consumer welfare. Claro filed a revision recourse against the above cited decision asking for the acquisition to be authorized without any remedies but pursuant to the pertinent analysis the BD of the CS declared firm the decision with the “ex ante” and “ex post” remedies. On December 9th, 2011, Claro filed a writ before the CS informing its decision not to continue with that purchase procedure. Notwithstanding the aforementioned, three months later, on March 28th, 2012 Claro initiated a new procedure of the same nature as the previous one.