America Movil Forms Partnership With ARBROS Communications.Business Editors/Hi-Tech Writers SILVER SPRING, Md.--(BUSINESS WIRE)--Feb. 26, 2001 "By joining forces ARBROS will broaden its base and accelerate its expansion," ARBROS CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Jonathan Flicker and America Movil CFO See Chief Financial Officer. Carlos Garcia Moreno stated. America Movil, S.A. de C. V. ("America Movil"), Latin America's largest cellular communications provider, and ARBROS(SM) Communications, Inc., an integrated communications provider, today announced they have entered into an agreement to combine ARBROS and Comm See comms. South Companies, Inc., a Dallas-based provider of residential telephone services wholly-owned by America Movil. As part of the transaction, America Movil will acquire an interest in ARBROS through a combination of equity and warrants exercisable at its discretion. "Comm South is a perfect fit with ARBROS," said Jonathan Flicker, ARBROS chief executive officer. "Our complementary strengths are expected to create a stronger company better able to deliver for our customers. The addition of Comm South's experience will broaden our base and accelerate our expansion." "We are sure ARBROS and Comm South will create synergies that will allow the company to increase its scale and improve its performance," said Carlos Garcia Carlos Garcia can refer to:
Terms of the transaction were not disclosed. The closing of the acquisition is subject to ARBROS obtaining state regulatory approvals, which are expected to be complete within a few months. About America Movil and Comm South America Movil, S.A. de C.V., is Latin America's largest cellular communications provider, with around 13 million cellular subscribers and telecommunication investments in several countries throughout the Americas. America Movil, S.A. de C.V. has been created through the spin-off of the cellular operations and most international investments of Telefonos de Mexico, S.A. de C.V. (Telmex), the leading wireless telecommunications company See telecom company. in Mexico. Comm South Companies is one of the largest, independent telecommunications companies in the U.S. Headquartered in Dallas, Texas “Dallas” redirects here. For other uses, see Dallas (disambiguation). The City of Dallas (pronounced [ˈdæl.əs] or [ˈdæl. , Comm South is acknowledged as a pioneer in the industry and is the premier reseller of residential dial tone. About ARBROS ARBROS(SM) Communications, Inc., founded in March 1999, is an integrated communications provider serving small and medium businesses in the northeastern United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . ARBROS seeks to provide exceptional customer service to businesses traditionally underserved by incumbent and competitive local exchange carriers. ARBROS is headquartered in Silver Spring, Md., with facilities in Washington, D.C., Landover, Md., northern Virginia Northern Virginia (NoVA) consists of Arlington, Fairfax, Loudoun, and Prince William counties and the independent cities of Alexandria, Falls Church, Fairfax, Manassas, and Manassas Park. , Philadelphia, Baltimore, Newark, N.J., New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Pittsburgh and Boston. ARBROS can be found on the Internet at www.arbros.com. |
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