Optical & Fixed Networks

America Movil agrees to acquire Peru broadband provider Wow

America Movil agrees to acquire Peru broadband provider Wow

America Movil has agreed to acquire Peruvian fixed broadband provider Wow from Liberty Latin America and its partners, strengthening the operator's position in Peru's growing fibre broadband market.

Liberty Latin America said its stake in Wow, along with those of its investment partners, will be sold to America Movil Peru, the local subsidiary of Mexico-based telecoms giant America Movil.

Wow operates primarily as a fixed broadband internet service provider in Peru. Liberty Latin America first acquired a minority stake in the company in 2021 and has made further investments since then, with the business accounted for as an equity method investment.

The company said the sale forms part of its strategy to rationalise its operating portfolio and optimise capital allocation across its business.

The transaction remains subject to customary closing conditions, including approval from Peru's competition authority, the National Institute for the Defense of Competition and Protection of Intellectual Property (INDECOPI).

Financial terms of the deal were not disclosed.



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