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Grupo Televisa, S.A. (TV)

  • Fri, Jan. 9, 5:00 AM
    • Mexican broadcaster Grupo Televisa (NYSE:TV) has completed the sale of its 50% stake in mobile operator Iusacell to JV partner Grupo Salinas, clearing the way for AT&T (NYSE:T) to acquire the cellphone company.
    • Televisa used some of the proceeds from the $717M sale to buy Mexican cable company Cablevision Red, a regional operator with around 650K subscriptions, for about 3B pesos ($204M).
    • Previously: AT&T receives approval for Iusacell deal (Dec. 22 2014)
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  • Sep. 11, 2014, 6:43 AM
    • Grupo Salinas will purchase 50% of wireless operator Iusacell it does not already own from broadcaster Grupo Televisa (NYSE:TV) for $717M.
    • The group's owner Ricardo Salinas is also seeking a strategic partner to boost Iusacell's growth.
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  • Jun. 16, 2014, 9:00 AM
    • Grupo Televisa (TV) looks interesting to Maxim with the company's stake in Univision showing more promise for upside by the day.
    • Reports on bidding for Univision include some major media concerns like CBS and Time Warner.
    • Grupo Televisa invested $1.2B in Univision in 2010.
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Company Description
Grupo Televisa SAB is a media company. It operates four broadcast channels in Mexico and has network coverage through affiliated stations throughout the country.
Sector: Services
Country: México