Telecommunications company Cablevision (Clarin Group) from Argentina is one step from acquiring the conditions to offer quadruple play since it announced that its mobile operator Nextel bought five small businesses with spectrum in the 900 MHz and 2.5 GHz bands to deploy 4G.
Nextel acquired companies Trixco, Skyonline Argentina, Netixen, Infotel and Callbi. Pay-TV and broadband operator Cablevision, leader in the local market, was authorized in April by the National Communications Authority (Enacom) to add to its portfolio fixed and public telephony services.
The holding company bought Nextel in late 2015 so it could become the first company in Argentina to offer quadruple play. The presidential decree amending the telecommunications laws prevents telephony companies from providing Pay-TV until 2018 at least.
Clarin Group reported in its financial statement for the first quarter of 2016 revenues for Cablevision of USD 480 million, representing a growth of 55% (in local currency) compared to the same period of 2015, driven in part by the purchase of Nextel.