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Televisa sells rest of Iusacell to Salinas Group

2014-09-11 09:29:00| Telecompaper Headlines

(Telecompaper) Mexico's Salinas Group has purchased a 50 percent stake in mobile operator Iusacell from broadcasting group Televisa. As a result of the USD 717 million deal, Salinas Group will now fully own the country's third-largest mobile operator. Salinas Group said it is in the process of selecting an international partner to help boost Iusacell's growth. In a statement to the Mexican stock exchange, Televisa said it will make a book loss of around USD 320 million on the sale. The transaction is subject to approval by regulators. Iusacell has around 8 million customers.

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Televisa takes sole control of Cablecom

2014-08-18 02:00:00| Total Telecom industry news

Mexican TV provider completes deal announced a year ago, paying 490 million for remainder of cable operator.

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America Movil, Televisa in eye of Mexico regulator

2013-12-06 01:00:00| Total Telecom industry news

IFT warns telcos they could be declared dominant and subjected to actions to curb their market power.

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Ecolab Inc. (ECL), Grupo Televisa SAB (ADR) (TV): My Top Two Bill Gates Picks

2013-09-18 21:14:41| Chemicals - Topix.net

The Internet would not have grown as quickly as it did without Bill Gates. The Microsoft Corporation founder standardized software for the personal computers that are now linked together on the Internet.

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Televisa to acquire Mexican pay-TV operator Cablecom

2013-08-02 09:13:00| Telecompaper Headlines

(Telecompaper) Mexican broadcaster and media group Grupo Televisa has announced an investment of MXN 7 billion (approximately USD 546 million) in convertible debt instruments which will allow it to acquire 95 percent of the equity interest of Tenedora Ares, owner of 51 percent of pay-TV operator Cablecom. In addition, Ares will have an option to acquire in the future the remaining 49 percent of the equity interest of Cablecom. As part of this transaction, Televisa also invested approximately MXN 2.5 billion in a debt instruments issued by Ares. The transaction is pending regulatory approval.

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