Market Skeptical on Rumored Iusacell Price

Apr 7, 2011

The market was skeptical toward the rumored $1.6bn Televisa is said to be paying for a 50% stake in Iusacell, according to bankers and an analyst. “We’d need to look at the numbers,” says a Mexico City-based investment banker. Evaluating the deal would be difficult without knowing the exact nature of the agreement between the television and telecommunications company, though the...

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