Buenos Aires Times

argentina TELECOMMUNICATIONS AND MEDIA

Enacom gives approval to giant Cablevision-Telecom merger

Communications regulator Enacom unanimously approved the merge on Thursday.

Saturday 23 December, 2017
Miguel de Godoy, head of ENACOM.
Miguel de Godoy, head of ENACOM. Foto:Cedoc.

Grupo Clarín continues to amass power and is on the verge of creating a communications mega-giant that will be the first to offer quadruple play (cable TV, internet, telephone and cell phone service) in Argentina.

Communications regulator Enacom unanimously approved the merger between Telecom and Cablevisión on Thursday, lifting the secondto- last regulatory hurdle. Now, antitrust regulator CNDC has 45 business days to rule whether the merger will create market distortions. The deal is all but sealed, as Telecom’s major shareholder, Mexican hedge funder David Martinez, is also Grupo Clarín’s partner in Cablevisión. Clarin’s lobbying machine, which some argue is assisted by favourable coverage for the Mauricio Macri administration, appears to have convinced regulators of the deal, who in turn blocked telco operators Claro and Telefónica from offering cable TV until 2018.

The juggernaut will count with some 30 million subscribers and reach a market capitalisation of US$11 billion.


Poll

Op-Ed

Top Stories

  1. 1Mascherano on World Cup chances: Mascherano on World Cup chances: "We must regain our confidence"
  2. 2At one football club in Barracas, Maradona is God and Messi is Adam...
  3. 3BA’s International Book Fair inauguration gets heated (again)
  4. 4Lincoln: international schooling in Argentina
  5. 5Blow for Selección: Romero out of World Cup with knee injury
  6. 6Next Lebac expiry could rock Argentina’s peso, says JP Morgan
  7. 7Johnson hails ‘new, exciting’ phase in Anglo-Argentine relations
  8. 8Activists renew calls for legal abortions
  9. 9Ni Una Menos releases alarming statistics, reports 13 femicides in first 15 days of 2018
  10. 10LGBT community cheers pope's 'God made you like this' remark