H.I.G. Capital Sells Desktop to Claro Telecom for R$4B
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6 days ago
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Should l Buy AMX?
H.I.G. Capital announced that one of its affiliates has signed a definitive agreement to sell its portfolio company Desktop, an internet service provider in the state of Sao Paulo, to Claro Telecom Participacoes, a subsidiary of America Movil. The closing of the transaction is subject to customary conditions precedent and approvals from the Brazilian regulatory authorities. The transaction is valued at R$4B, implying a price per share of R$20.82, based on Desktop's net debt as of September 30.
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Analyst Views on AMX
Wall Street analysts forecast AMX stock price to fall
2 Analyst Rating
0 Buy
2 Hold
0 Sell
Hold
Current: 25.480
Low
19.50
Averages
19.50
High
19.50
Current: 25.480
Low
19.50
Averages
19.50
High
19.50
About AMX
America Movil SAB de CV is a Mexico-based company primarily involved in the telecommunications-services sector. The Company’s scope of activities revolves around telecommunications solutions related to mobile and fixed-line voice services, including airtime, local, domestical, and international long-distance operations, as well as network interconnection services. Furthermore, the Firm is engaged in both wireless and fixed data operations, Internet-access services, as well as Pay TV, which stands for solutions associated with pay per view, programming, and advertising. Additionally, The Company’s business includes services related to providing video, audio, and media, via the Internet to the end user, as well as other services related to the telecommunications-related industries. The activities offered by the Company cover approximately 20 countries across Latin America, Europe, the United States, and more.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
H.I.G. Capital Sells Desktop S.A. to Claro
- Transaction Value: H.I.G. Capital has signed an agreement to sell its portfolio company Desktop S.A. to Claro for R$4.0 billion (approximately $750 million), with a share price of R$20.82, reflecting Desktop's strong market performance and attractiveness.
- User Growth: Since H.I.G.'s acquisition, Desktop's subscriber base has surged from approximately 150,000 to over 1.2 million, serving more than 200 cities, indicating its rapid expansion and market penetration in Brazil's internet service sector.
- Network Infrastructure: Desktop's fiber network spans over 58,000 kilometers, reaching approximately 4.8 million homes and supporting its high-speed connectivity business model, further solidifying its position as a leading ISP in Brazil.
- Strategic Implications: This transaction not only showcases H.I.G.'s ability to create value but also highlights Desktop's potential as a strategic asset in the industry, likely attracting more investor interest in Brazil's telecommunications market.
See More
H.I.G. Capital Sells Desktop for R$4 Billion
- Transaction Value: H.I.G. Capital has signed an agreement to sell its portfolio company Desktop to Claro for R$4 billion (approximately $750 million), with a per-share price of R$20.82, reflecting Desktop's strong performance and potential value in the Brazilian market.
- User Growth: Since H.I.G.'s acquisition, Desktop's subscriber base has surged from approximately 150,000 to over 1.2 million, serving more than 200 cities, indicating its rapid expansion and market penetration in Brazil's internet service sector.
- Network Infrastructure: Desktop's fiber network spans over 58,000 kilometers, reaching approximately 4.8 million homes, showcasing its robust capability in delivering high-speed connectivity and further solidifying its market leadership.
- Strategic Implications: This transaction not only highlights H.I.G.'s ability to identify and execute on value creation opportunities but also underscores Desktop's potential as a strategic asset in the industry, likely attracting more investor interest in Brazil's telecommunications market.
See More
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Free Stock Analysis Reports: The article offers free stock analysis reports for the highlighted companies, encouraging readers to download them for more insights.
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H.I.G. Capital Sells Desktop S.A. to Claro
- Transaction Value: H.I.G. Capital has signed an agreement to sell its portfolio company Desktop S.A. to Claro for R$4.0 billion (approximately $750 million), with a share price of R$20.82, reflecting Desktop's strong market performance and attractiveness.
- User Growth: Since H.I.G.'s acquisition, Desktop's subscriber base has surged from approximately 150,000 to over 1.2 million, serving more than 200 cities, indicating its rapid expansion and market penetration in Brazil's internet service sector.
- Network Infrastructure: Desktop's fiber network spans over 58,000 kilometers, reaching approximately 4.8 million homes and supporting its high-speed connectivity business model, further solidifying its position as a leading ISP in Brazil.
- Strategic Implications: This transaction not only showcases H.I.G.'s ability to create value but also highlights Desktop's potential as a strategic asset in the industry, likely attracting more investor interest in Brazil's telecommunications market.
See More
H.I.G. Capital Sells Desktop for R$4 Billion
- Transaction Value: H.I.G. Capital has signed an agreement to sell its portfolio company Desktop to Claro for R$4 billion (approximately $750 million), with a per-share price of R$20.82, reflecting Desktop's strong performance and potential value in the Brazilian market.
- User Growth: Since H.I.G.'s acquisition, Desktop's subscriber base has surged from approximately 150,000 to over 1.2 million, serving more than 200 cities, indicating its rapid expansion and market penetration in Brazil's internet service sector.
- Network Infrastructure: Desktop's fiber network spans over 58,000 kilometers, reaching approximately 4.8 million homes, showcasing its robust capability in delivering high-speed connectivity and further solidifying its market leadership.
- Strategic Implications: This transaction not only highlights H.I.G.'s ability to identify and execute on value creation opportunities but also underscores Desktop's potential as a strategic asset in the industry, likely attracting more investor interest in Brazil's telecommunications market.
See More
Latest Quant Ratings Reveal Performance of Communication Services Companies
- Quant Rating Overview: As the earnings season concludes, investors are focusing on updated quant ratings that provide insights into how companies rank across key factors such as valuation, growth, and profitability, aiding in assessing fundamental changes.
- Top-Rated Companies: Among large-cap communication services firms with market caps over $10 billion, Orange (ORANY) stands out with a quant rating of 4.90, classified as a Strong Buy, indicating a significant strengthening of its fundamentals that may attract more investor interest.
- Low-Rated Companies: In contrast, Fox (FOX) has a quant rating of 1.97, categorized as a Sell, reflecting weak fundamentals that could raise investor concerns about its future performance, potentially impacting its stock price negatively.
- Market Trend Analysis: The shifts in quant ratings not only reveal post-earnings performance but also provide investors with insights for future investment decisions, especially as AI remains a focal point in the 2026 market outlook.
See More
América Móvil Considers Acquiring Telecom Assets from Grupo Salinas
- Acquisition Plan: América Móvil (AMX) is considering acquiring telecom assets from Colombia's Grupo Salinas, which includes the National Fiber Optic Project Network of approximately 20,000 kilometers and the ACC Network of about 12,000 kilometers, significantly enhancing its market position in Colombia.
- Regulatory Application: Comcel, América Móvil's subsidiary in Colombia, has requested authorization from regulators to integrate strategic assets owned by Azteca Comunicaciones and Total Play, indicating the company's proactive approach to business expansion.
- Asset Transfer: The transaction also involves the transfer of contracts for the use and management of the fiber optic network, the contractual position in a commercial trust, as well as assets like infrastructure, towers, and lease agreements, showcasing América Móvil's strategic infrastructure positioning.
- Financial Context: Following a $1.9 billion tax settlement with the Mexican government, Grupo Salinas' founder Salinas Pliego is monetizing assets, and if completed, this acquisition would further solidify América Móvil's influence in the Colombian market.
See More
América Móvil Set to Release Q4 Earnings on February 10
- Earnings Announcement Schedule: América Móvil is set to announce its Q4 2023 earnings on February 10 after market close, with consensus EPS estimates at $0.43 and revenue projections at $13.98 billion, indicating stable performance in a competitive telecom market.
- Market Expectation Analysis: While the market holds a cautiously optimistic view on América Móvil's financial performance, the lack of obvious buyers may impact its stock price, prompting investors to closely monitor market reactions post-earnings release to assess future growth potential.
- Historical Financial Data: Historical earnings data for América Móvil shows relatively stable revenue growth over recent quarters; however, differing market perceptions regarding its valuation could affect investor confidence moving forward.
- Dividend Performance Assessment: América Móvil's dividend scorecard reflects its commitment to shareholder returns, and despite facing market challenges, investors should pay attention to how the upcoming earnings report may influence its dividend policy.
See More
Top Strong Buy Stocks for December 18: MTLS, AMX, and Others
Zacks Rank #1 Stocks: Five stocks have been added to the Zacks Rank #1 (Strong Buy) List, including James River Group Holdings, Calix, Materialise NV, America Movil, and Norwood Financial Corp., all of which have seen significant increases in their earnings estimates over the past 60 days.
Earnings Estimate Increases: The earnings estimates for these companies have risen by 10.5% (James River), 15.4% (Calix), 33.3% (Materialise), 7.8% (America Movil), and 16.6% (Norwood) during the same period.
Top Picks for 2026: Zacks is preparing to release its top 10 stock picks for 2026, with a historical performance of +2,530.8% from 2012 to November 2025, significantly outperforming the S&P 500.
Free Stock Analysis Reports: The article offers free stock analysis reports for the highlighted companies, encouraging readers to download them for more insights.
See More
