April 7, 2011 / 12:22 PM / 7 years ago

Mexico's Televisa to buy 50 pct of Iusacell

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)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below