January 20, 2018
Saturday, May 17, 2014

Telefónica, Vila-Manzano are next on AFSCA’s list

Given AFSCA’s receipt of the Clarín Group proposal, attention now turns to other groups that have to adjust to the media law, mainly Telefónica and Vila-Manzano.

The AFSCA had previously said all divestment plans would move at Clarín’s pace, meaning progress can now be expected on other fronts.

The Spanish company has so far failed to convince the AFSCA media watchdog that the actual owner of Telefe is the Spanish company based in Madrid and has no links with the Argentine subsidiary, a leader in the landline and mobile telephone market under the Movistar brand name.

The Media Law specifies that a media licensee cannot operate a public utility such as a telecommunications company.

AFSCA will deal with the Telefónica file at its next Board of Directors meeting, a source from the media watchdog told the Herald

In turn, the AFSCA must also review a divestment proposal from the Vila-Manzano group. An initial proposal that transferred ownership of some outlets to Daniel Vila’s daughter. A revised proposal that dropped her as a beneficiary has yet to receive official comment.

The main conflict was the proposal presented by businessmen Daniel Vila, Alfredo Vila Santander and José Luis Manzano is that it seeks to have the conglomerate remain under the directorship of the current owners.

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