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.

More Argentina News

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. 1'I want to be a world champion' - Argentina's youth boxer is going for gold'I want to be a world champion' - Argentina's youth boxer is going for gold
  2. 2Argentina’s ‘WhatsApp’ syndrome
  3. 3Saskia Sassen: "Many of the spaces we believe to be public are privately owned"
  4. 4Olympic official dies in Buenos Aires after suffering heart attack
  5. 5Editorial: Loose talk
  6. 6Leandro Erlich emphasises togetherness with Ball Game
  7. 7Ultras on the march
  8. 860k women march on Trelew for annual summit
  9. 9The Brexit clock is ticking, but nothing seems to be happening – yet
  10. 10'Bolsonaro likes to play the outsider but he is a professional politician'