Announced
Financials
Tags
Friendly
Single Bidder
Radio and TV Broadcasters
Private
Mexico
subscription television service
Acquisition
Domestic
Pending
Synopsis
Grupo Televisa, a telecommunications corporation that operates a direct-to-home satellite pay television system, agreed to acquire the remaining stake in Sky Mexico, a provider of subscription-based TV channels, from AT&T, an American multinational telecommunications company. Financial terms were not disclosed. "As CEO of both the Cable and Sky segments, Francisco will have the mandate of generating significant synergies and efficiencies for Televisa. We are confident this decision will allow us to strengthen Televisa's competitive and financial position," said Bernardo Gómez and Altonso de Angoitia, Televisa CEOs.
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