Puerto Rico Telephone Company
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The Puerto Rico Telephone Company (PRTC), also known as Puerto Rico Telephone (PRT), is a telecommunications services company located in San Juan, Puerto Rico which has operated for many decades offering telephone services for the island residents. It was a public corporation for many years until the majority stakes was acquiered by GTE in the mid-1990s. It was a subsidairy of Verizon Communications, due to GTE's involvement in the creation of new telecommunications giant Verizon Communications.
On April 3, 2007 Verizon agreed to sell its stakes in Puerto Rico Telephone Company and Verizon Dominicana (operating in the Dominican Republic) to América Móvil. Previously, in a separate transaction Verizon Communications intended to transfer its stake on CANTV of Venezuela to Telmex -América Móvil's sister company- for $3.7 billion, but the local goverment frustrated their intentions. Currently it pretends to nationalize the carrier.
Currently América Móvil is the 100% owner of the company and has plans of rebranding PRT's wireless arm under their international Claro brand.
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