Mexico's Televisa to buy 50 pct of Iusacell

MEXICO CITY, April 7 Thu Apr 7, 2011 8:19am EDT

MEXICO CITY, April 7 (Reuters) - Mexico's leading broadcaster, Televisa, said it has struck a deal to buy a 50 percent stake in cell phone operator Iusacell for $1.6 billion as it taps the market dominated by tycoon Carlos Slim.

Televisa (TV.N) (TLVACPO.MX), which last year saw its plans to enter the Mexican wireless market collapse, will take a 50 percent stake in Iusacell CEL.MX debt, with the rest of the investment aimed at growing the network. (Reporting by Patrick Rucker; editing by John Wallace)

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