Home » Competition »Consumer News »Liberty Cablevision (Puerto Rico) »Liberty/UPC »Public Policy & Gov't » Currently Reading:

John Malone Gets Puerto Rico Cable Monopoly: Liberty Global Takes Over Choice Cable

choice-300x169John Malone’s Liberty Global has bought out Puerto Rico’s second biggest cable television operator — Choice Cable TV — and will convert its customers to Liberty Cablevision of Puerto Rico.

Liberty joined Searchlight Capital Partners to close the $272.5 million purchase, which will make Liberty Puerto Rico’s largest cable company, passing more than one million homes and serving about 750,000 customers.

Liberty put $267.5 million of the purchase on its credit card, using debt borrowing from another Malone-controlled entity — Liberty Cablevision — to fund most of the deal. Liberty Global contributed just $10.2 million in equity and its partner Searchlight kicked in $6.8 million in equity.

The deal gives Malone’s company a total cable monopoly on the island. Choice Cable was the last standing cable operator not owned by Liberty, and served customers in western, southern, and central Puerto Rico. Choice itself consolidated several independent cable operators, including Cable TV Northwest (Aguadilla), Dom’s Cable TV (San Germán), Cablevision Mayaguez and TelePonce Cable TV. Now it has been consolidated itself.

mini-banner-cobertura

Choice Cable used to offer service in these Puerto Rican communities. Most of the rest of the island is served by Liberty Cablevision, which will now have a total cable monopoly across the unincorporated U.S. territory.

According to Liberty Global, the combined cable company will be expected to generate at least $390 million in annual revenue. If it doesn’t, rate increases could be on the way. Channel changes have already been introduced.

Liberty Puerto Rico added 18 new channels to the Choice Cable lineup at no extra cost. The Choice Pak package includes the new channels: AMC, AXS TV, beIN in Spanish and English, Cablevision, Disney Jr., Fox Sports 1, FX, Lifetime Real Women and PBS Kids. The Top Choice package will include: Crime & Investigation, DIY, Esquire, Fox Sports 2, History in Spanish, IFC, Military History and NBA TV.

But several other channels will be dropped: MTV, VH1 and Nickelodeon, Comedy Central, Spike, TV Land and Palladia HD. These Viacom-owned channels were discontinued last year by Liberty in a dispute over programming fees.

Liberty intends to offer up to 120/4Mbps Internet speeds, over 100 HD channels (352 channels total), and a “better balance of English and Spanish language networks” to current Choice customers.

Search This Site:

Contributions:

Recent Comments:

  • Nathat Sampson: I think it's god-awful there should not be data caps on any internet whatsoever...
  • Dylan Purner: I sent my opinion about this just now. Thanks for the link!...
  • Mark: Oh, just like the seeking public comment about net neutrality that the FCC said feedback were 'fake'? https://www.washingtonpost.com/news/monkey-cage...
  • Mark: I think that it should be stressed that Charter currently advertises 'No Data Caps' as one of the major marketing points to attract new customers. Th...
  • Eddie: I wonder what Spectrum's response would be if the situation was reversed: Hey Spectrum, remember that contract we had a while ago. Well, we're about...
  • Cody: Frontier has never been great, but since Ziply Fiber took over it's been a nightmare. Internet cuts out multiple times daily, causing us to reboot our...
  • jrs: it should be law that customers can remove local stations from cable or satellite packages, and cannot be charged retransmission fees, which are legal...
  • L H: Frontier had service issues but was an adequate steward of the FiOS at least, although they squandered a lot of their potential. Already since Ziply t...
  • Phillip Dampier: Stay tuned. We'll have something up soon....
  • Angel: "We don't charge you for a modem, it's included in the price." .......so yes, they're charging you for the modem, they're just not telling you what it...
  • Mez: Ive been looking high and low to file a comment on FCC site. Where do I file a comment on that mess of a site. Any help would be appreciated....
  • M Ross: LOL! This is no deal. In order to get streaming you have to get fast internet service and when that special Charter offer for a "...

Your Account:

Stop the Cap!