CNDC approves Cablevision-Telecom merger; orders divestments

摘要

After an exhaustive ten-month review of the merger between Cablevision and Telecom Argentina, Argentina's National Commission for Defence of Competition (Comision Nacional de Defensa de la Competencia, CNDC) has approved the takeover, albeit with a number of caveats. The CNDC has assessed that the merger will generate competition problems in locations where Cablevision and Telecom are the only companies operating fixed line networks. As such, the merged company must agree to divest 143,464 customers across 28 locations in five provinces, namely: Cordoba, Buenos Aires, Entre Rios, Misiones (including Posadas) and Santa Fe.