Telecom Argentina to increase investments in Uruguay and could acquire Movistar’s local subsidiary in the country

As reported by the Uruguayan website ‘Busqueda’ last week, the telecommunications company Telecom Argentina expressed its intentions to ‘considerably increase its investments in Uruguay’, and reported that one of its purposes is to acquire the local subsidiary of Movistar (Telefonica) in the country.

In Uruguay, Telecom provides pay TV services through the Cablevision brand; while Movistar’s offer includes telephony and mobile internet services. As reported by the specialized website Digital Policy Law, executives from Telecom Argentina met days ago with the Uruguayan President, Luis Lacalle Pou, to talk about investments in the country.

In addition, days ago Gabriel Gurméndez, President at the Uruguayan telco Antel, confirmed that the current Uruguayan Media Law (N ° 19,307, 2014) will be modified, with the aim that the country’s pay TV operators can offer internet using private networks, and not only those provided by Antel, as established by law.

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