You will be redirected back to your article in seconds

Argentine MSOs plan stock offers

Multicanal, CableVision to go public

BUENOS AIRES — Following a massive spending spree that has seen the Argentine cable market consolidate around two players, both MSOs are planning initial public offerings.

Clarin-owned Multicanal plans to enter the New York and Buenos Aires stock exchanges, with JP Morgan, Bank of Boston and Credit Suisse/First Boston as agents, and reportedly hopes to raise $500 million.

Multicanal has 1.4 million cable homes in Argentina, a 20% stake in 400,000-sub MSO Supercanal, and another 200,000 subs in systems in Uruguay and Paraguay.

No. 2 MSO CableVision, part-owned by TCI Intl., is said to be prepping an IPO with Banque Societe Generale. CableVision is owned by Argentine investor group CEI and Spanish telco Telefonica as well as TCI Intl. and has around 1.5 million subs.

More Biz

  • Warner Music Group Logo

    Warner Music Taking Disciplinary Action Against Exec VP Jeff Fenster for Sexual Harassment

    BUENOS AIRES — Following a massive spending spree that has seen the Argentine cable market consolidate around two players, both MSOs are planning initial public offerings. Clarin-owned Multicanal plans to enter the New York and Buenos Aires stock exchanges, with JP Morgan, Bank of Boston and Credit Suisse/First Boston as agents, and reportedly hopes to […]

  • Leonardo Da Vinci Salvator Mundi Auction

    How a Restored da Vinci Became the Most Expensive Artwork Ever

    BUENOS AIRES — Following a massive spending spree that has seen the Argentine cable market consolidate around two players, both MSOs are planning initial public offerings. Clarin-owned Multicanal plans to enter the New York and Buenos Aires stock exchanges, with JP Morgan, Bank of Boston and Credit Suisse/First Boston as agents, and reportedly hopes to […]

  • Barry Diller Hollywood

    Barry Diller Eyes $30 Million Gondola to Hollywood Sign (EXCLUSIVE)

    BUENOS AIRES — Following a massive spending spree that has seen the Argentine cable market consolidate around two players, both MSOs are planning initial public offerings. Clarin-owned Multicanal plans to enter the New York and Buenos Aires stock exchanges, with JP Morgan, Bank of Boston and Credit Suisse/First Boston as agents, and reportedly hopes to […]

  • Terry Crews WME

    Terry Crews Signs With UTA After WME Battle

    BUENOS AIRES — Following a massive spending spree that has seen the Argentine cable market consolidate around two players, both MSOs are planning initial public offerings. Clarin-owned Multicanal plans to enter the New York and Buenos Aires stock exchanges, with JP Morgan, Bank of Boston and Credit Suisse/First Boston as agents, and reportedly hopes to […]

  • vice_logo

    Disney Will Get More Vice After Acquiring 21st Century Fox's $70 Million Stake

    BUENOS AIRES — Following a massive spending spree that has seen the Argentine cable market consolidate around two players, both MSOs are planning initial public offerings. Clarin-owned Multicanal plans to enter the New York and Buenos Aires stock exchanges, with JP Morgan, Bank of Boston and Credit Suisse/First Boston as agents, and reportedly hopes to […]

  • GLAAD Report: LGBTQ Characters 'Invisible' in

    GLAAD Report: LGBTQ Characters 'Still Invisible' in Primetime U.S. Spanish-Language TV

    BUENOS AIRES — Following a massive spending spree that has seen the Argentine cable market consolidate around two players, both MSOs are planning initial public offerings. Clarin-owned Multicanal plans to enter the New York and Buenos Aires stock exchanges, with JP Morgan, Bank of Boston and Credit Suisse/First Boston as agents, and reportedly hopes to […]

More From Our Brands

Access exclusive content