The Full Wiki

More info on Puerto Rico Telephone Company

Puerto Rico Telephone Company: Wikis

Advertisements
  

Note: Many of our articles have direct quotes from sources you can cite, within the Wikipedia article! This article doesn't yet, but we're working on it! See more info or our list of citable articles.

Did you know ...


More interesting facts on Puerto Rico Telephone Company

Include this on your site/blog:

Encyclopedia

(Redirected to Puerto Rico Telephone article)

From Wikipedia, the free encyclopedia

Puerto Rico Telephone Company, Inc.
Type Subsidiary of América Móvil (NYSEAMX)
Headquarters Guaynabo, Puerto Rico
Key people Cristina Lambert, President and CEO
Industry Telecommunications
Products Broadband
Mobile phone
Telephone
Television
(Quadruple Player)
Revenue $1.2 billion USD
Employees 4,649
Website http://www.telefonicapr.com/

Puerto Rico Telephone (PRT) is the largest Puerto Rican telecommunications services company. It is headquartered in Guaynabo, Puerto Rico and has operated for almost a century offering voice, data, long distance, broadband, directory publishing and wireless services for the island residents and businesses. It was founded by the brothers Behn, Sosthenes and Hernan[1]. Puerto Rico Telephone Company eventually spawned ITT Corporation, which was founded by Sosthenes Behn. The company was a public corporation of the government of Puerto Rico for many years until the majority stakes were acquired by GTE in the mid-1990s. It was a subsidiary of Verizon Communications until it was fully acquired by América Móvil in 2007.

History

On April 3, 2006 Verizon Communications announced it had agreed to sell its stakes in Puerto Rico Telephone and their sole ownership of the main Dominican telephone company Verizon Dominicana, now Claro-CODETEL, to América Móvil of Mexico. [2] [3]

On December 31, 2006 Verizon and América Móvil completed Claro-CODETEL ownership transfer into Mexican hands. After another three months and various litigations upon the Federal Communications Commission, which had advise from the Junta Reglamentadora de Telecomunicaciones de Puerto Rico, in March 30, 2007 Telecomunicaciones de Puerto Rico, Inc. (TELPRI) assets were completely acquired by América Móvil. The purchase was closed after an agreement to purchase from Popular, Inc., the government of Puerto Rico and the PRT employee stock ownership program, the remaining stocks of TELPRI at the same price as Verizon.

To present day, América Móvil is the 100% owner of the company[4 ] and has rebranded PRT's wireless arm -formerly Verizon Wireless- under their international Claro brand. [5].

External links

References

  1. ^ PRT Puerto Rico Telephone, Sobre PRT > ¿Quienes Somos?
  2. ^ "[http://newscenter.verizon.com/press-releases/verizon/2007/verizon-communications-2.html Verizon Communications Completes the Sale of Its Interest in Puerto Rico Telephone]." Verizon International-Puerto Rico, Dominican Republic and Venezuela.
  3. ^ "Verizon Communications Completes the Sale of Its Interest in Verizon Dominicana." Verizon International-Puerto Rico, Dominican Republic and Venezuela.
  4. ^ "[http://www.cellular-news.com/story/22938.php América Móvil acquires PRT]." Cellular-news.com April 2, 2007.
  5. ^ "[http://www.telegeography.com/cu/article.php?article_id=17275&email=html América Móvil completes takeover of PRT, rebrands mobile arm as Claro ]." Teleography's CommsUpdate April 2, 2007.
Advertisements

Advertisements






Got something to say? Make a comment.
Your name
Your email address
Message