Brazilian fixed line operator Embratel Participacoes plans to invest BRL 2.2 billion in mobile network operator Claro Brasil. Both companies are owned by America Movil. The initiative follows a board meeting in April, when Embratel, Net Servicos and Claro agreed to consolidate their activities and integrate fixed and mobile operations.

Embratel’s investment will be made in the form of purchase of Claro shares, giving Embratel a minority stake in the company. According to Embratel, the investment should facilitate the merger of the fixed and mobile platforms and the offer of integrated services to customers.