Mexico’s Televisa says buys rest of Cablecom for $654 mln

August 15, 2014

08/14/14 Reuters

televisaMexico’s Grupo Televisa said on Thursday it paid 8.55 billion pesos ($653.96 million) to acquire the remaining shares in Mexican cable company Cablecom it did not already own.

Televisa, the world’s largest provider of Spanish-language content, last year paid 7 billion pesos to buy 51 percent of the company with an option to buy the remaining 49 percent.

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Slim’s Billionaire Rivalry Plays Out on Mexico’s Soccer Fields

December 11, 2013

Bloomberg, 12/11/2013

Soccer StadiumMexican billionaires Carlos Slim and Emilio Azcarraga, who typically go head-to-head for phone customers and TV viewers, are taking their rivalry to the soccer field this week in their country’s championship game.

Slim, the owner of the nation’s biggest wireless carrier, is an investor in Club Leon, which is a finalist in Mexico’s national soccer league. The team is squaring off against reigning champ Club America, controlled by TV magnate Azcarraga, in a two-game series starting tomorrow in Leon’s home stadium.

Caught in the crossfire are the legions of Mexican soccer fans who won’t be able to watch because of an agreement to televise the match only on cable for the first time. After Slim’s America Movil  acquired a stake in Leon last year, the club signed a broadcast-rights deal with cable’s Fox Sports.

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Mexico watchdog weighs if America Movil, Televisa dominate sector

December 6, 2013

Reuters, 12/6/2013

Carlos Slim

Giant Mexican telco America Movil and broadcaster Televisa, the two companies likely to be most affected by the country’s telecoms reform, said on Thursday the regulator has told them it was determining whether they are dominant players in the sector.

The notifications are the first step in a process mandated by a telecoms reform passed by Mexico’s Congress earlier this year that gives the new Federal Telecommunications Institute (IFT) powers to clamp down on dominant players and spur competition.

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The year of leading from behind

November 25, 2013

The Economist, 11/23/2013

Enrique Pena NietoWhen Enrique Peña Nieto spoke at an Economist conference this month, he was reminded that this newspaper had cautiously endorsed him for president last year as the “least bad” of the candidates. The audience laughed nervously; easy-going in person, the president is rarely exposed to such public leg-pulling. But though his first year in office has had downs, it has had more ups. If he can bring home the raft of reforms that he has launched, he could transform Mexico.

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Secondary laws for Mexico telecoms overhaul to be delayed -lawmakers

November 25, 2013

Reuters, 11/23/2013

Carlos Slim

Legislation to implement a major overhaul of Mexico’s telecommunications industry will not be approved until early next year, pushing back a deadline set for December, two senior lawmakers said on Saturday.

The secondary laws set out the fine print for a telecoms reform promulgated in June by President Enrique Pena Nieto which gives regulators sweeping powers to rein in billionaire Carlos Slim’s telecoms giant America Movil and dominant broadcaster Televisa.

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Telefonica Said to Seek Partner in Mexico to Challenge Slim

November 13, 2013

Bloomberg, 11/13/2013

carlos slimTelefonica SA  has approached potential acquisition targets and partners in Mexico, where it’s seeking to challenge billionaire Carlos Slim’s dominance, according to three people familiar with the matter.

Spain’s biggest telecommunications group has held discussions with companies including Grupo Iusacell SA, a smaller rival co-owned by Ricardo Salinas and pay-TV provider Grupo Televisa SAB, said the people, asking not to be named because the deliberations are private. Banco Santander SA and Banco Bilbao Vizcaya Argentaria SA are working with Madrid-based Telefonica, said another person familiar with the matter.

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Mexico to identify possible telecom antitrust targets ‘very soon

November 12, 2013

carlos slimReuters, 11/11/2013

Mexico’s new telecommunications watchdog said on Monday it may identify this month which companies dominate the local market, likely paving the way for tougher regulation against telecom company America Movil and broadcaster Televisa.

Gabriel Contreras, president of the Federal Telecommunications Institute (IFT), said the watchdog would in the near future inform the companies it had determined to be dominant, adding that it could be as soon as this month.

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