Televisa Takes Mexican Wireless Stake

Televisa Takes Mexican Wireless Stake

Mexico M&A

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 our extensive base of pay TV subscribers,” says Emilio Azcarraga Jean, chairman a

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial