Telmex to purchase Colombian cablers

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MEXICO CITY – Mexican telecom giant Telmex on Monday said it has reached agreements to purchase two Colombian cable companies for an undisclosed amount.

Should regulatory authorities approve the two deals, Telmex will acquire 100% of Colombian cablers Cablecentro and Satelcaribe. With more than 300,000 subscribers, Bogota-based Cablecentro is Colombia's second largest cable outfit. Satelcaribe is a much smaller firm, yet it would add to Telmex's growing portfolio of Colombian cable TV buys.

Telmex has already purchased three cablers in Colombia: Superview, Cable Pacifico and TV Cable, making it the biggest cable operator in the nation. With Cablecentro and Satelcaribe, Telmex would dominate the market with more than 700,000 subscribers.

Owned by the world's third richest person, Mexican businessman Carlos Slim, Telmex has been on a shopping spree lately in South America as it looks to offer triple-play services throughout the region.

Telmex specified Monday that the deals are subject to regulatory approval and other conditions.
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