Media Industry
Industry: Email Alert RSS FeedTINTA makes Argentine moves: market consolidation heats up with three major deals. (TCI International)
Broadcasting & Cable, October, 1997 by Colman, Price
Market consolidation heats up with three major deals The highly competitive Argentine cable market took a big step toward consolidation last week with three key deals involving TCI International. TCI International's Argentinian cable susidiary, Cablevision SA, will grow its subscriber base by as much as 50% as the result of a deal between Cablevision SA investors CEI CitiCorp Holdings SA and T.I.
Telefonica Internacional de Espana SA. CEI/Telefonica are buying Fintelco SA, parent of 700,000-subscriber Video Cable Comunicacion (VCC) of Argentina for $765 million from owners Samuel Liberman and MediaOne. In a related transaction, CEI/Telefonica is signing over to Cablevision a right-obligation to buy 45%-50% of Fintelco. CEI-Telefonica assigned a...
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