Supercanal sold to investment funds, report says

19 Jul 2018

Argentinian alternative fixed line operator Supercanal Arlink has reportedly been sold to a consortium of investment firms led by iCondor, which is controlled by local entrepreneur Carlos Joost Newbery. According to iProfesional.com, other investors include White-Bridge and CarVal Investors, which loaned Supercanal USD40 million in January 2018 in preparation for acquiring a stake in the telco.

A company spokesperson told the news site that the new owners intend to invest USD400 million in the deployment of a new fibre network. TeleGeography notes that local press sources have previously suggested that Supercanal Arlink will be sold on to one of the ‘Big Three’ (Telecom, Telefonica or Claro) once its legacy cable networks have been upgraded with fibre-optic technology.

Supercanal Arlink was acquired from Grupo America (formerly Grupo Uno), a multimedia company founded and spearheaded by businessman Daniel Vila, former politician Carlos Menem and entrepreneur Jose Luis Manzano.

Argentina, Supercanal Arlink