Grupo Televisa acquired by 6,750 million pesos, 50% of the share capital of International Television, which becomes owner of 100% of the share capital of the company.
Grupo Televisa acquired by 6,750 million pesos, 50% of the share capital of International Television (TVI), which becomes owner of 100% of the share capital of the company.
the transaction includes the assumption of liabilities of 5.492 billion pesos and provides for a sale of shares in the amount of 1.258 million pesos
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in a statement sent to the Mexican Stock Exchange (BMV), said that while such purchase-sale is formalized, Grupo Multimedios participate as a shareholder of Corporate Vasco Quiroga, a subsidiary of Televisa.
This, in compliance with the guidelines and deadlines established in the authorization of the Federal Telecommunications Institute (IFT), said.
TVI is a telecommunications company that provides cable TV, Internet access, telephony and bidirectional data transmission in northeastern Mexico, where its main market is Monterrey
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with the acquisition of the entire share capital of TVI, Televisa can better exploit the efficiencies and economies of scale generated in its five operations cable around Mexico, as well as continue expanding offers double and triple play of Izzi.
He mentioned that disruptive offer Izzi, has managed to introduce at prices accessible services of video, voice and data to homes and Mexican businesses, allowing to increase its growth rate in a “dramatic”
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he recalled that in 2015, Televisa’s cable operations achieved organic growth in video services, voice and data 6.3, 46.6 and 25.4%, respectively
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