Claro seeks to strengthen its presence in Brazil after agreeing to buy 73% of Desktop, a fiber optic company

TL;DR

Claro, owned by América Móvil, will acquire 73% of Brazilian fiber optic company Desktop S.A.
The deal is valued at approximately 4 billion reais (US$752.9 million).
The acquisition strengthens Claro's position in the Brazilian broadband market.
The transaction requires approval from Brazilian antitrust regulators (CADE) and telecommunications agency (Anatel).
Following the acquisition, Claro must launch a public takeover bid for the remaining Desktop shares.

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