A PYMNTS Company

Argentina: Seeking ‘Quadruple Play’, Clarín buys Nextel

By  |  February 2, 2016
Argentina: Seeking ‘Quadruple Play’, Clarín buys Nextel

Argentina’s powerful media group ‘Clarín’, through its subsidiary Cablevisión, has completed the purchase of 100% of Nextel Argentina, which will allow the media giant to offer Argentine consumers ‘Quadruple play’ services, which include telephone, mobile, broadband and cable services. Clarín will also try to reposition Nextel into the country’s telephone landscape by exploiting its 3G and 4G networks.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Cablevisión bought 49% of Nextel back in September 2015, with an option to buying the remainder. The total has now risen to $165 million dollars, with an additional $13 million to be paid at an unspecified time.

    The purchase represents a readjustment by Grupo Clarín as it reacts to a rapidly changing legal framework in the wake of the arrival of a new administration, led by Presiden Mauricio Macri, who issued a wide-ranging decree affecting the telecommunications sector. The new rules give Clarín a clear advantage over its competitors in the telephone business, who have been barred from offering cable and broadband services for at least two more years.

    Full content: Ámbito

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.