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. 1From landowners to leases: the changing face of Argentina’s countrysideFrom landowners to leases: the changing face of Argentina’s countryside
  2. 2Electioneering when times are hard but could get worse
  3. 3Two Israeli tourists disappear in Mendoza province
  4. 4Hantavirus claims new death in Argentina's north
  5. 5Saskia Sassen: "Many of the spaces we believe to be public are privately owned"
  6. 6Climate change is as serious as poverty and corruption in Argentina
  7. 7Uruguay suffered record number of murders in 2018
  8. 8Brazil PT leader Gleisi Hoffman labels Macri ‘shameless’
  9. 9Tables turn as Venezuelan migrants make new homes in Argentina
  10. 10Minister Bullrich’s taser guns to hit the Buenos Aires streets in March