The logo of America Movil is pictured on the wall at a reception area in the company’s corporate offices, in Mexico City, Mexico January 25, 2022. REUTERS/Gustavo Graf/File Photo Purchase Licensing Rights , opens new tab

MEXICO CITY, July 28 (Reuters) – Mexican telecommunications giant America Movil (AMXB.MX) , opens new tab will overhaul its operations in Chile, it said on Monday, after it took full control of the unit in a share purchase from Liberty Latin America (LILA.O) , opens new tab

America Movil and Liberty Latin America announced in 2021 they were launching the Chilean joint venture , combining America Movil’s Claro Chile and Liberty’s VTR to form ClaroVTR. America Movil took a 91% stake in the firm last year.

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It now holds total control in ClaroVTR after exercising a call option on the remaining shares, America Movil said in a filing.

Reporting by Kylie Madry; Editing by Brendan O’Boyle

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