El Salvador: Conditions for Cable Companies Merger

The Superintendency of Competition has ruled that conditions be set on the acquisition of the companies Caribeña and Caribeña Cable de El Salvador by Telemóvil El Salvador.

Wednesday, June 28, 2017

From a statement issued by the Superintendency of Competition:

In order to prevent possible effects contrary to sound competition in the markets, the Board of Directors of the Superintendency of Competition decided to condition the acquisition of the portfolio of clients subscribed to TV and internet services and telecommunications services and of the assets of the companies Caribeña S.A. de C.V. and Caribeña Cable de El Salvador S.A. de C.V. by Telemóvil El Salvador, S.A. de C.V.

Grupo Caribeña provides subscription television and internet services in 15 municipalities, mostly in the eastern area. For its part, Telemóvil provides subscription television services, fixed and mobile broadband internet services, and fixed and mobile telephony nationwide.

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