Friday 11th March, 2011 – Kingston, Jamaica. Digicel today announced that it has signed an agreement with América Móvil to acquire its Claro business in Jamaica, and to sell to América Móvil its businesses in El Salvador and Honduras.

The financial terms of the transaction are not being disclosed however there will be a net cash payment to Digicel.

The transaction is subject to regulatory approvals and is expected to close in the second calendar quarter.