Market Skeptical on Rumored Iusacell Price

Market Skeptical on Rumored Iusacell Price

Mexico M&A

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 banker says the two are likely discussing more than just an equity stake, and potentially could include a global opera

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