The corporate union between the island’s leading cable operator OneLink Communications and the second largest, Liberty Cablevision of Puerto Rico, is expected to create a formidable competitor against satellite paid television providers and, in coming months, Claro de Puerto Rico.
MidOcean Partners and Crestview Partners confirmed today that they have entered into a definitive agreement with the local subsidiary of Liberty Global Inc. and investment funds affiliated with Searchlight Capital Partners, L.P. to sell 100 percent of San Juan Cable LLC, known as OneLink Communications for $585.25 million.
Luquillo’s Liberty Cable is in talks to buy the assets of San Juan’s cable television provider OneLink Communications through a transaction that could be worth about $560 million, News is my Business learned.
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