Chilean private equity firm mulls mobile launch

Chilean private equity firm mulls mobile launch

Investment company Scale Capital was reportedly considering a mobile services launch, following up to its recent acquisition of DirecTV's broadcast business.

Oliver Flogel, head of the Chilean private equity company, told local media it was considering which “what other services we can offer”, but noted it was “still very early” as the company is yet to finalise its pay-TV launch, however, it did not rule out entering another route of business, reported CommsUpdate. 

“This is a market like any other, and our ability to make a highly technological and asset-light company allows us to do business in any scenario”, said Flogel, a former chief executive of both Microsoft and Telefonica’s Chilean units.

TeleGeography noted Scale Capital has experience in the Chilean mobile market with its MVNO brand Simple Moviles. Through the acquisition of DirecTV the investment company also gained its 2.6GHz 4G licence (bought for $120 million) awarded in 2014 and is valid until 2029.

DirecTV was acquired from US operator AT&T which sought to shut down Chilean operations due being caught between restrictions imposed by the US and Venezuelan government.


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