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Telefónica del Peru purchases cable operator Star Global Com

Peruvian telecoms operator Telefónica del Perú (TdP) has purchased cable TV operator Star Global Com for nearly US$12 million, local newspaper Correo reported.

The cable TV operator provides services in the southern departments of Arequipa and Tacna.

TdP will continue investing in the south of the country, said the company's VP for strategy and corporate regulation, Luis Delamer

The acquisition will not result in any changes for the operator's employees and subscribers, he added.

Local companies Perú Global Com and United Perú owned 71.29 percent and 28.71 percent of the cable TV operator respectively.

TdP is the local unit of Spain's Telefónica.

News source: ANDINA

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# Less Consolidation says :
10 September, 2008 [ 10:44 ]

Telefonica is one of the WORST companies I have ever had the pain of dealing with. Peru needs LESS consolidation in the telecommunications market not more. This is criminal.

Burn in hell Telefonica.

# Tele-unhook says :
10 September, 2008 [ 13:52 ]

My favorite salutation at the Telefonica offices is: "Is there anything else I can't do for you today?"

# edson eae says :
10 September, 2008 [ 13:58 ]

You're damn right!!! Teleafonica sucks!! the sole reason I'm a longtime Telefonica subscriber is because they're the only cable operator that broadcasts local football matches

# Splaktar says :
17 September, 2008 [ 18:23 ]

I used Cable Star for about a year here in Arequipa.  They offer less channels and have worse service than Telefonica.  Their cable internet was only available at tiny speeds like 200k.  It is a nice idea to have more telecomm companies in Peru, but Cable Star wasn't that great and their service hasn't improved much in the last few years.  I guess they weren't reinvesting that money, likely just letting the execs live rich.  Now that the execs have sold out, I'm sure they don't need to work again in their lives.

This reduces competition in the south, but the competition was already almost non-existant.

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