Telmex to acquire two more cablecos

6 Dec 2006

Mexican telecoms giant Telmex has reached agreements to acquire Colombian cable operators Cable Pacífico and TV Cable, according to BNamericas which cites a Telmex statement to the Mexican stock exchange. Telmex has agreed to acquire all of Bogotá-based TV Cable and a 97.5% share of Medellín-based Cable Pacífico, which together have some 265,000 subscribers. Financial details of the agreements were not available. The acquisitions still need regulatory approval in both Mexico and Colombia.

In August this year Telmex announced plans to buy Bogotá-based cable operator Superview for around USD40 million. Uncertainty about the acquisition ensued as rumours abounded that the deal had not actually been finalised as Telmex had said it had. Telmex finally took control of the company in late October. Local press has speculated that Telmex is interested particularly in Cable Pacífico because it has a licence for all of western Colombia, while Superview holds one only for Bogotá.

Colombia, Claro Colombia, Telmex Colombia