December 22, 2017 / 2:32 PM / a year ago

Argentine regulator OKs Telecom Argentina, Cablevision merger

FILE PHOTO: A Telecom Argentina communications company sign is pictured on the front of one of its buildings in Buenos Aires, Argentina July 7, 2017. REUTERS/Marcos Brindicci

BUENOS AIRES (Reuters) - Argentina’s communications regulator has authorized a merger between Telecom Argentina SA TEC2.BA and cable TV provider Cablevision SA (CVH.BA), the government’s official gazette said on Friday.

The merger, which will create the largest telecommunications group in the country, needs approval from Argentina’s CNDC antitrust regulator as well.

Telecom Argentina and Cablevision announced their intention to merge earlier this year following a policy change by market-friendly President Mauricio Macri’s government that allows phone companies to also offer pay television.

Reporting by Jorge Otaola; Writing by Hugh Bronstein; Editing by Lisa Von Ahn

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