SerpApi.Org
América Móvil is reinforcing its position in Peru’s fixed broadband market through the acquisition of fibre operator WOW Tel, a move that underlines the growing strategic importance of fibre infrastructure across Latin America and signals further consolidation in one of the region’s fastest-expanding broadband markets.
The Mexican telecommunications group, controlled by Carlos Slim, announced that its Peruvian subsidiary, Claro Perú, has agreed to acquire 100% of WOW from Liberty Latin America and Singapore-based investment firm Narvik Capital Partners. The companies did not disclose the value of the transaction. According to América Móvil, completion remains subject to customary closing conditions, including approval from Peru’s competition authority, INDECOPI.
Rather than representing an isolated acquisition, the deal fits into a broader regional investment strategy centred on expanding fibre assets. In March, América Móvil agreed to acquire a controlling stake in Brazilian broadband provider Desktop SA for approximately $750mn, strengthening its footprint in another high-growth fixed internet market. Chief executive Daniel Hajj previously stated that the company continues to identify attractive acquisition opportunities across Latin America and Eastern Europe.
Peru has emerged as an increasingly attractive destination for fibre investment as demand for high-speed broadband continues to rise while fixed-line penetration still offers significant room for expansion. WOW has built its business around a 100% fibre-optic network, serving customers in Lima and multiple regional markets. Its cutting-edge infrastructure provides América Móvil with an opportunity to accelerate network expansion without relying exclusively on organic investment. WOW held a 12.22% share of Peru's fixed-internet market as of the first quarter, according to industry data.
The transaction also reflects wider competitive dynamics in Latin American telecommunications, where operators are increasingly prioritising ownership of fibre networks as mobile revenues mature and demand for data-intensive services continues to grow. Control over fixed broadband infrastructure is becoming a critical competitive advantage, particularly as households consume more streaming, cloud-based applications and digital services.
Liberty Latin America, which acquired a minority stake in WOW in 2021, has continued reshaping its regional portfolio in recent years, while private equity investors have increasingly monetised telecommunications assets following periods of rapid infrastructure deployment. The sale therefore aligns with broader industry trends of capital recycling and consolidation.
Investors will also view the acquisition alongside América Móvil’s broader financial outlook. According to estimates cited by Banorte ahead of the company's second-quarter 2026 results, the telecoms giant is expected to post revenue growth of 3.8%, EBITDA growth of 4.2% and an 8.9% increase in net profit, reflecting resilient operating performance despite a more competitive regional environment.
Should regulators approve the acquisition, América Móvil would strengthen its position in Peru at a time when fibre infrastructure is increasingly shaping competitive dynamics across Latin America's telecommunications sector.
