Televisa acquires Telecable for MXN 3 billion

News General Mexico 9 JAN 2015
Televisa acquires Telecable for MXN 3 billion
Mexican broadcast conglomerate Grupo Televisa has acquired telecoms firm Telecable for MXN 3 billion. Televisa also acquired Telecable's debts for MXN 7.2 billion. 

Telecable offers cable TV, telephony and internet services and has a presence in Jalisco, Aguscalientes, Guanajuato, Queretaro, Tamaulipas and Colima. Telecable has nearly 650,000 revenue generating units (RGUs). The company is expected to generate revenues of MXN 2 billion and EBITDA of MXN 1 billion this year. 

The acquisition was financed with the proceeds from selling mobile operator Iusacell to AT&T. Televisa announced the deal while saying the Iusacell transaction had closed. 

Categories:

General

Companies:

Telecable,  Televisa

Countries:

Mexico

Tags:

Voice services, Internet Access, M&A buyouts & divestments

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