April 8, 2022
Caribbean telecommunications company Digicel said it plans to close shop in Panama after Cable & Wireless Panamá (CWP), a subsidiary of US-based telco Liberty Latin America, got the go-ahead to buy the local unit of mobile phone carrier Claro.
The Panamanian government owns 49% of the CWP-Claro tie-up, "which effectively spells the end of competition in the telecoms market for smaller players," Digicel said in a press release on Wednesday.
The merged company "has already engaged in predatory
Jamaica-based telco says the Más Móvil-Claro tie-up signals the end of competition in the local mobile market