October 4, 2010 / 12:49 PM / 7 years ago

Televisa says discussions ongoing over Nextel deal

MEXICO CITY, Oct 4 (Reuters) - Mexico’s top broadcaster, Televisa (TV.N) (TLVACPO.MX), is in discussions with NII Holdings (NIHD.O) over their planned Mexican venture, Televisa said on Monday.

“Discussions are ongoing between Grupo Televisa and NII Holdings as to whether certain closing conditions have been or can be satisfied,” the company said in a brief statement. Televisa declined to elaborate and NII sources were not immediately available.

    Televisa and NII Holding’s Nextel Mexico won a chunk of spectrum in a government auction in July. Last week they were granted the license to operate such spectrum.

    Televisa had committed to buying 30 percent of Nextel Mexico, a unit of NII Holdings, for $1.44 billion once it obtained the license. (Reporting by Cyntia Barrera Diaz; editing by John Wallace)

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