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Televisa Takes Mexican Wireless Stake

Feb 16, 2010

Broadcaster Televisa hopes to bring quadruple play to Mexican consumers after buying a 30% equity stake in wireless provider Nextel Mexico for $1.44bn in cash, while taking an option on an additional 7.5%. Televisa said Monday it is making an initial investment of $1.14bn with the remainder in 3 equal annual installments. “There are significant synergies between Nextel Mexico’s wireless offerings and...

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