Flow (Argentina)
 | |
| Company type | S.A. |
|---|---|
| Industry | |
| Founded | August 29, 1981 |
| Defunct | October 2021 |
| Fate | Merged with Telecom Argentina in 2017, dissolved in 2021; services continued under the "Flow" brand [1] |
| Headquarters | Buenos Aires, Argentina |
Area served | Argentina, Paraguay, Uruguay |
Key people | Carlos Alberto Moltini (CEO) |
| Services | |
| Revenue |  $2.280 billion USD (2014)[2] |
| $332.44 million USD (2014) | |
Number of employees | 9065 (2014) |
| Parent | Clarín Group (2006–2017)[1] Telecom (2017–2021) |
| Website | flow.com.ar |
Cablevisión S.A. was an Argentine company that provided cable television and internet services in its country of origin, Paraguay and Uruguay. Established in 1981, the company was acquired by the Clarín Group in 2006, then merging with Telecom Argentina. Cablevisión was the biggest cable TV provider in Argentina with 3,377,082 customers.[3]
As part of an internal reorganisation, in October 2021 Telecom dissolved Cablevisión, focusing on the brands Telecom, Personal, and Flow. The company kept all the services provided under the former brand names "Cablevisión" and "Fibertel".[1][4]
History
[edit]The company was founded in 1981, initially offering service in La Lucila, Buenos Aires.[5]
In 1983 it expanded to the cities of Vicente Lopez and San Isidro. Afterwards, the neighborhoods of Belgrano, Palermo and Recoleta in Buenos Aires were added under the supervision of businessman Eduardo Eurnekian under the America media conglomerate.
In 1994, Tele-Communications International Inc. acquired a 51% stake in the company, as well as the PRAMER cable production system.[5]
In 1997 Citicorp Equity Investment (CEI) and Telefónica Internacional were incorporated as shareholders.
Between 1997 and 1998 Cablevisión became one of the major cable operators in the city of Buenos Aires and Greater Buenos Aires. In 1998, it was offering its services in 7 provinces.
In 2006, conglomerate Clarín Group bought 60% of Cablevisión,[6] merging it with Multicanal, the second biggest Argentine pay TV operator, forming one of the biggest cable companies in the world.[5][7]
In 2017, Cablevisión merged with Telecom Argentina, becoming the largest telecommunication company of Argentina.[8][9][10] In October 2021, Telecom announced that Cablevisión would cease operations, keeping the internet access and cable television under the "Flow" brand.[1]
References
[edit]- ^ a b c d Telecom reorganiza marcas on iProfesional by Andrés Sanguinetti, 4 Oct 2021
- ^ "Cablevisión S.A. - Annual Report". Archived from the original on 2016-03-04. Retrieved 2016-01-07.
- ^ "Argentina: Cablevisión reporta el 45,1% de aumento en sus ventas y 3,501 millones de abonados". Retrieved 2016-01-07.[permanent dead link]
- ^ Adiós a CableVisión y Fibertel, La Nación. 5 Oct 2021
- ^ a b c "Cablevision - Nuestra Historia". Archived from the original on March 5, 2010. Retrieved 2016-01-07.
- ^ La batalla que se verá por el mismo cable by Sebastián Premici on CanalAR, 29 Sep 2006 (archived)
- ^ El Gobierno autorizó la fusión de Multicanal y CableVisión, La Nación, 8 Dec 2007
- ^ El Gobierno aprobó la fusión de Telecom con Cablevisión: nace la empresa más grande del país, Infobae, 29 June 2018
- ^ Qué significa la fusión Cablevisión-Telecom?, Telam, 22 Dec 2017
- ^ Clarín va por todo: aprobaron la fusión entre Cablevisión y Telecom, Perfil, 29 June 2018
External links
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