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After ten months of badysis, the National Commission for the Defense of Competition announced the approval of the merger between Cablevisión and Telecom. The phone company has to get rid of some business. The largest multimedia holding company in the region has been created.
The merger between Cablevisión and Telecom had raised competition objections, particularly where the two companies were the only ones to be deployed to provide a fixed Internet service. For this reason, the company must now part with approximately 144,000 customers in 28 locations in five provinces: Córdoba (including the capital), Buenos Aires, Entre Ríos, Misiones (including Posadas) and Santa Fe. This figure represents nothing less than 9% of Arnet 's total residential customers with an annual business turnover of about $ 500 million.
Regarding the quadruple game, in order to avoid the benefits of being the first operator to offer the service, the CNDC company merged to avoid packing your services for a period that may to be six or twelve months, depending on the region. In this way, competitors have more time to invest or badociate to provide multiple services with another provider.
CNDC President, Esteban Greco, said: "We conducted a thorough market study with the participation of a large amount of stakeholders, including industry companies, civil society organizations and specialists in this field ". "We are convinced that this view guarantees conditions in the communications market, so that different quadruple play operators and different providers of some of these services at the national, regional and local levels can be competitive to offer businesses and it is necessary to remember that last December, Cablevisión Holding (CVH), the company's majority shareholders of Grupo Clarín, which owns 60% of Cablevisión, exercised the option to buy 13, 5% of Telecom specifying the merger between the telecommunications company and the cable company.With the decision of the CNDC, it is expected that the shares of the company will recover at the next stock exchange after a significant devaluation of newspapers, struck by the storm front that crosses the Buenos Aires Stock Exchange in recent weeks.
ANSES also appears on the horizon of the company. "Approbati One of the National Commission for the Defense of Competition comes at a time when there is a growing debate over the sale of shares that the agency has in several companies across the FGS, among these companies is Telecom himself.
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