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Digicel plans to liquidate Panama business after rivals' merger approved

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PANAMA CITY : Mobile phone operator Digicel said Wednesday it plans to wind down operations in Panama following the government's approval of a merger between competitors Cable & Wireless Panama (CWP) and Claro.The merger, in which the Panamanian government will be a 49per cent shareholder and gives the co

PANAMA CITY : Mobile phone operator Digicel said Wednesday it plans to wind down operations in Panama following the government's approval of a merger between competitors Cable & Wireless Panama and Claro.

Digicel said it was applying for voluntary liquidation, having not succeeded in various initiatives after CWP announced in late 2021 it would purchase America Movil subsidiary Claro's operations in Panama. With Digicel exiting the market, there would be only one telecom provider, Millicom-owned Tigo, operating in addition to the combined CWP-Claro entity in Panama.

 

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