America Movil to acquire a controlling interest in ClaroVTR

America Movil (AMX) and Liberty Latin America (LILA) announce that, subject to obtaining the required approval from the National Economic Prosecutor’s Office of the Republic of Chile, America Movil will be consolidating ClaroVTR into its ongoing operations. As previously disclosed, AMX has been providing funding to ClaroVTR through convertible notes to support the execution of its business plan and for the refinancing of certain bank debt existing at the formation of the JV and Liberty Latin America had the right to catch-up its respective portion of such funding commitments by the middle of this year for ClaroVTR to continue as a 50:50 joint venture.