Two weeks after buying 50% of Argentinian cabler Cablevision from John Malone’s Liberty Media, U.S. fund Fintech Media has sold half of that stake to Vistone for an undisclosed sum.
Texan buyout fund Hicks, Muse, Tate & Furst owns the other 50% of the country’s biggest cabler and broadband ISP, with 1.3 million cable subs and 139,200 for broadband.
Fintech Media is a unit of Fintech Advisory, a Delaware-based investment fund with offices in London and New York. Vistone is believed to be a U.S. fund.
The shift in ownership, announced Thursday, comes as Buenos Aires-based Cablevision readies a $220 million, five-year investment in the digitization of its network.