Grupo Salinas completed the acquisition of remaining 50% stake in Grupo Iusacell, S.A. de C.V. from Grupo Televisa, S.A.B. (NYSE:TV).
January 07, 2015 at 11:00 pm EST
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Grupo Salinas agreed to acquire the remaining 50% stake in Grupo Iusacell, S.A. de C.V. from Grupo Televisa, S.A.B. (NYSE:TV) for approximately $720 million on September 10, 2014. The transaction is subject to the authorization of the Federal Telecommunications Institute of Mexico and the opinion of the Ministry of Communications and Transport.
Grupo Salinas completed the acquisition of remaining 50% stake in Grupo Iusacell, S.A. de C.V. from Grupo Televisa, S.A.B. (NYSE:TV) on January 8, 2015.
Grupo Televisa, S.A.B. is a media company, cable operator in Mexico and an operator of a direct-to-home (DTH) satellite pay television system in Mexico. The Company operates through four segments: Content, Sky, Cable and Other Businesses. The Content segment includes Advertising, Network Subscription, and Licensing and Syndication. The Sky segment includes DTH broadcast satellite pay television services in Mexico, Central America and the Dominican Republic. The Cable segment includes the operation of a cable multiple system in the Mexico City metropolitan area; the operation of telecommunication, and the operation of a cable multiple system. The Other Businesses segment includes its domestic operations in sports and show business promotion, soccer, feature film production and distribution, gaming, radio, publishing and publishing distribution. The Company distributes the content it produces through various broadcast channels in Mexico and in approximately 50 other countries.
GRUPO TELEVISA, S.A.B. 
