EconomíaHoy.mx – 19:17 – 03/04/2016
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The station bought Grupo Multimedios 50% of the shares held in International television
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with 100% of the shares of TVI, Televisa will expand its position in the market for pay television
Grupo Televisa already owns 100% of the shares of International Television. The company Emilio Azcarraga Jean to control the total of these securities paid Grupo Multimedios 6,750 million pesos for 50% of the shares held in its power.
With this operation Televisa absorbed a liabilities 5,492 million pesos and provides for a sale of shares in the amount of 1.258 billion pesos. In information sent to the Mexican Stock Exchange, the station explained that while the sale, Grupo Multimedios is formalized will participate as a shareholder of Vasco Corporate Quiroga, a subsidiary of Televisa.
This is in compliance with the guidelines and within the deadlines set out in the authorization of the Federal Telecommunications Institute.
TVI is a telecommunications company that provides cable television, internet access, telephony and bidirectional data transmission in northeastern Mexico. The main market is in Monterrey International Television, the third largest city in Mexico and one of the largest industrial centers city.
Televisa said that with the acquisition of 100% of the share capital of TVI, take advantage of the efficiencies and economies of scale generated in its five cable operations around Mexico, which in parallel will allow you to follow expanding offers double and triple play of Izzi.
through Izzi, Televisa accelerated its growth. In 2015 its cable operations achieved organic growth in video services, voice and data services 6.3%, 46.6% and 25.4% respectively.
The network operates four broadcast TV channels in Mexico City It produces and distributes 6 brands of PayTV for distribution in Mexico and the rest of the world. With its subsidiaries Univision Communications exports its programs to the United States and 50 other countries.
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