Fintech sells piece of Cablevision

World Brief

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.

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