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Televisa acquires Telecable for MXN 3 billion

2015-01-09 14:13:00| Telecompaper Headlines

(Telecompaper) Mexican broadcast conglomerate Grupo Televisa has acquired telecoms firm Telecable for MXN 3 billion. Televisa also acquired Telecable's debts for MXN 7.2 billion. Telecable offers cable TV, telephony and internet services and has a presence in Jalisco, Aguscalientes, Guanajuato, Queretaro, Tamaulipas and Colima. Telecable has nearly 650,000 revenue generating units (RGUs). The company is expected to generate revenues of MXN 2 billion and EBITDA of MXN 1 billion this year. The acquisition was financed with the proceeds from selling mobile operator Iusacell to AT&T. 

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Category:Telecommunications

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