Complex sentence: After selling Interserv to a subsidiary of the Royal Bank of Canada, Pereira launched Netserv Caribbean, Ltd. (Miami, Florida, U.S.) in 1997 and established it as a licensed "baby bell" (Regional Bell Operating Company).
Split into simpler sentences: After selling Interserv to a subsidiary of the Royal Bank of Canada, Pereira launched Netserv Caribbean, Ltd. (Miami, Florida, U.S.) in 1997. He then established NetServ as a licensed "baby bell" (Regional Bell Operating Company).