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Telecom Argentina, Cablevision agree to merge amid telecoms reform

FILE PHOTO: The Telecom logo is seen on the Telecom headquarters building in Buenos Aires November 14, 2013.

Argentina's Telecom Argentina SA and cable TV provider Cablevisión SA reached a merger agreement enabling them to offer so-called quadruple play services, a result of President Mauricio Macri's telecom sector reforms.

The merger, announced in a statement over the weekend, needs to be approved by regulators and shareholders. It would enable the combined company to offer fixed line and cell services as well as pay television and broadband internet access.

Telecom Argentina will issue 1.184 billion shares...