You will be redirected back to your article in seconds

TCI talks with rival Argentine cabler VCC

BUENOS AIRES – Is TCI Intl. poised to become Argentina’s biggest cable operator? That’s the speculation in Latin America’s top pay TV market, following a report in the country’s leading financial daily that the cabler had bought out rival operator VCC for $200 million.

Both companies denied the front-page report in Ambito Financiero’s Thursday editions, but both admitted to Daily Variety that talks between the companies were taking place.

“These talks are no more serious than with any other operator,” TCI Intl.’s director of communications Catherine May said. “But we are very bullish on Argentina, and we are looking for new opportunities.”

A TCI Intl. buyout of 650,000-subscriber VCC is not far-fetched, though the price – as gauged by recent industry deals – would likely be at least $300 million for a majority stake.

TCI Intl. already owns 51% of 550,000-subscriber MSO CableVision, and is now thinking of upping this stake to 80%. The U.S. cabler is elsewhere partnered with US West, which – through its subsidiary Continental Cablevision – owns 50% of VCC. (Co-owner Samuel Liberman retains control of VCC.)

Argentina’s cable market has witnessed rapid consolidation in the last few years, with three operators now controlling nearly half of the country’s 5 million subscriber base. Many sources believe the market will eventually be dominated by two alliances that will compete in the converging arenas of telephony and pay TV.

Fueling the notion that a megamerger is in the offing, Constancio Vigil, majority owner of top broadcaster Telefe, earlier in the week told Daily Variety that his company was in talks with TCI Intl., VCC and Telecom (one half of the country’s telco duopoly) about setting up a pay TV megacompany. Telefe earlier this year sold its cable systems but remains an active pay TV programmer.

Such a partnership would go up against the Clarin Group, Argentina’s largest media conglom, and Spanish-controlled Telefonica de Argentina, the country’s other telco giant. The two are already allied in Clarin’s million-subscriber MSO Multicanal, in which Telefonica has a 25% stake. Multicanal has engaged in a cable-system buying spree this year, prompting much talk of a possible TCI/VCC pact.

(Andrew Paxman in Mexico City contributed to this report.)

More Scene

  • Hong Chau American Woman

    'Downsizing' Star Hong Chau on Men and #MeToo: 'I Don't Want to Tell Somebody What to Say'

    BUENOS AIRES – Is TCI Intl. poised to become Argentina’s biggest cable operator? That’s the speculation in Latin America’s top pay TV market, following a report in the country’s leading financial daily that the cabler had bought out rival operator VCC for $200 million. Both companies denied the front-page report in Ambito Financiero’s Thursday editions, […]

  • Common Would Support Oprah for President

    Common Says An Oprah Presidency Would Bring America Back to 'Compassionate Leaders' That 'Care About Human Beings' (EXCLUSIVE)

    BUENOS AIRES – Is TCI Intl. poised to become Argentina’s biggest cable operator? That’s the speculation in Latin America’s top pay TV market, following a report in the country’s leading financial daily that the cabler had bought out rival operator VCC for $200 million. Both companies denied the front-page report in Ambito Financiero’s Thursday editions, […]

  • SAG Awards Prep

    Sneak Peek at 2018 SAG Awards Post-Show Gala

    BUENOS AIRES – Is TCI Intl. poised to become Argentina’s biggest cable operator? That’s the speculation in Latin America’s top pay TV market, following a report in the country’s leading financial daily that the cabler had bought out rival operator VCC for $200 million. Both companies denied the front-page report in Ambito Financiero’s Thursday editions, […]

  • Sundance Parties

    Sundance 2018: The Insider's Party Guide

    BUENOS AIRES – Is TCI Intl. poised to become Argentina’s biggest cable operator? That’s the speculation in Latin America’s top pay TV market, following a report in the country’s leading financial daily that the cabler had bought out rival operator VCC for $200 million. Both companies denied the front-page report in Ambito Financiero’s Thursday editions, […]

  • '12 Strong' film premiere

    '12 Strong': Chris Hemsworth Hopes Film Can Reduce 'Misconceptions' About Afghanistan

    BUENOS AIRES – Is TCI Intl. poised to become Argentina’s biggest cable operator? That’s the speculation in Latin America’s top pay TV market, following a report in the country’s leading financial daily that the cabler had bought out rival operator VCC for $200 million. Both companies denied the front-page report in Ambito Financiero’s Thursday editions, […]

  • Guillermo del Toro, Greta Gerwig and

    Timothée Chalamet Says He'd Love to Work With Christopher Nolan or Guillermo del Toro

    BUENOS AIRES – Is TCI Intl. poised to become Argentina’s biggest cable operator? That’s the speculation in Latin America’s top pay TV market, following a report in the country’s leading financial daily that the cabler had bought out rival operator VCC for $200 million. Both companies denied the front-page report in Ambito Financiero’s Thursday editions, […]

More From Our Brands

Access exclusive content