In his first five years in business, Commisso made more than 20 acquisitions. Commisso spent almost a decade as Gerry’s finance chief. “The fear was that the phone companies would enter the cable business and, with their stronger balance sheets and brand names, crush the cable companies,” says Craig Moffett, co-founder of the equity research firm MoffettNathanson. That anxiety made it possible for Commisso to buy cable assets on the cheap, and he went all in. To date he has spent $2.5 billion upgrading his networks, which has deterred other operators from entering his territory.

Source: The North Africa Journal March 09, 2018 08:26 UTC