* Televisa offered $1.6 bln for half of Iusacell
* Broadcaster's shares have plunged on news for days
MEXICO CITY, April 15 Mexico's leading broadcaster
Televisa said on Friday that it expects regulators to clear its
proposed offer to buy half of Iusacell mobile phone company in the
second half of the year.
"We have made the filing (before antitrust regulators). We
expect it to take about six months to be approved," Executive
Vice President Alfonso de Angoitia told analysts during a
Since a report surfaced on April 4 that Televisa (TV.N)
(TLVACPO.MX), controlled by media baron Emilio Azcarraga, was
eyeing a possible tie-up with Iusacell CEL.MX, Televisa shares
have plunged nearly 13 percent.
On April 7, Televisa announced it had struck a $1.6 billion
deal to buy 50 percent of Iusacell, in a move to take on tycoon
Carlos Slim's share of the mobile market.
Azcarraga, Iusacell's owner Ricardo Salinas and Slim are
embroiled in an escalating war over control of Mexico's
Televisa shares dropped 1.95 percent to 52.2 pesos on Friday
morning while its New York-traded stock slipped 1.8 percent to
(Reporting by Cyntia Barrera Diaz; Editing by Phil Berlowitz)