Observatory Appeals For Cancellation Of Merger With Cablevision

Argentinean President Mauricio Macri on Thursday received the CEO of the Telecom Argentina group, Carlos Moltini, who announced that the company would launch an investment plan for US$ 5 billion this year to expand and improve the telecommunications service.

The executive said that during 2018 the company would allocate US$ 1.3 billion exclusively in connectivity and mobility. Moltini took over as CEO of Telecom Argentina in November 2017, within the merger process faced by the telecommunications company with Cablevision

The Wealth Observatory filed an extraordinary appeal with the Argentinean Supreme Court requesting the annulment of the resolution of the National Telecommunications Regulatory Entity (Enacom) that approved the Cablevision-Telecom merger. 

The claim asks that before approving such a merger, a regulatory framework must be advanced to preserve constitutional rights that would be violated by giving the green light to this new company, with a dominant position in the audiovisual sector. 

In addition to canceling the merger process, the Supreme Court is requested to convene a public hearing to discuss the need to hold communication as a human right and public good instead of mere merchandise.