Telecom-Cablevision merger effective from 1 January

5 Jan 2018

The merger between Telecom Argentina and Cablevision became effective on 1 January 2018, the latter’s parent company, Cablevision Holding, has confirmed. The deal was approved by the National Entity for Communications (Ente Nacional de Comunicaciones, ENACOM) on 21 December 2017, albeit with a number of caveats designed to appease antimonopoly fears.

TeleGeography notes that the key driving force behind the deal is investment firm Grupo Fintech, which holds a 40% stake in Cablevision and also owns 100% of Sofora Telecomunicaciones, which in turn holds a 55.6% economic interest in Telecom Argentina.

Argentina, Cablevision (FiberTel), Telecom Argentina (incl. Personal, Flow)