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Announced

Grupo Televisa to acquire the remaining stake in Sky Mexico from AT&T.

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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