Supercanal has been sold and will invest US $ 400 million in its fiber optic network

BUENOS AIRES.- The ICondor Fund, Telecommunications Entrepreneur Carlos Joost Newbery bought Supercbad, the pay television company of the América group, from the Mendozas Daniel Vila and José Luis Manzano and Claudio Belocopitt owner of the Swiss Medical Group.

"The purchase of the company and the deployment of a new fiber optic network and digital services will require an investment of nearly 400 million US dollars, representing a strong commitment for the future of the country, in a technological innovation project that will generate jobs, will help bridge the digital divide and will continue to bring the best content proposal, to positively influence the quality of life of users in the 14 provinces in which Supercbad provides services, "said the television company pay in a statement, stresses La Nación.

Supercbad is one of the cable TV operators in Tucumán.

The company will be controlled by a investment group of "strategic profile marked in technology and telecommunications projects", formed by Joost Newbery, who will be chairman of the board of 3 9; Supercbad Administration; Pablo Venturino and Mariano Gilles of White-Bridge who structured the purchase operation and who will also form the Board

In addition, CarVal Investors participated in the operation offering the financing allowed the acquisition of Supercbad. CarVal was founded in 1987 by Cargill, of which it has been an independent subsidiary since 2006. It is a fund that has been operating since the 1990s in Latin America, although it focuses primarily on finance and credit in its widest variants.

4G Groups

The negotiation was alleged to have begun once the dispute had been unraveled by the 4G bands that the Vila-Manzano Group had received in December 2014 and which had subsequently been withdrawn from it. Kirchner Administration

Last October, the company arranged with the National Communications Agency (Enacom) to waive the legal action filed for this situation and, in return, receive the $ 20 million that the group had pledged at that time. the call for tenders, in 2014.

For some time it has been speculated that the Mendoza group would end up selling its cable TV operation to that offering the best price for a company that guarantees the direct arrival to 350,000 homes in For example, Cablevisión is not necessarily.