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Televisa, NII Holdings Cancel Investment Agreement

MEXICO CITY -(Dow Jones)- Mexican media conglomerate Grupo Televisa (TV, TLEVISA.MX) and NII Holdings Inc. (NIHD) have agreed to terminate an accord under which Televisa planned to take a 30% stake in NII Holdings' Mexican unit, Nextel Mexico, for $1.44 billion, The decision not to go ahead with the investment comes as the 30 megahertz of wireless spectrum won by Nextel Mexico in a government auction in July faces a series of legal challenges from wireless concern Grupo Iusacell (CEL.MX) questioning the legality of the auction. In a joint press release, Televisa and NII Holdings said they have agreed to terminate the investment pact, without giving further details. Grupo iusacell has filed more than 70 lawsuits against the auction in which Nextel Mexico won a 30 megahertz nationwide block of spectrum with the minimum bid because spectrum caps set by antitrust regulators kept other existing operators from bidding on the block. Most have been defeated, although last week Iusacell obtained a court ruling keeping Nextel from using the concession. That ruling can be appealed. -By Anthony Harrup, Dow Jones Newswires, (5255) 5890 5176, Order free Annual Report for NII Holdings, Inc. Visit or call 1-888-301-0513

Stock News for Telvisa (TV)
09/08/201513:02:07Report of Foreign Issuer (6-k)
07/09/201513:33:13Report of Foreign Issuer (6-k)
07/07/201515:00:25Report of Foreign Issuer (6-k)
07/02/201513:35:50Report of Foreign Issuer (6-k)
07/02/201512:02:02Televisa, Univision to Extend Agreements as U.S. Network Plans...
07/02/201506:30:00Univision and Grupo Televisa Strengthen Strategic Relationship
06/15/201514:36:12Report of Foreign Issuer (6-k)
06/10/201507:30:00REPEAT/Gabelli & Company’s 7th Annual Movie & Entertainment C...
05/27/201507:00:00REPEAT/Gabelli & Company’s 7th Annual Movie & Entertainment C...
05/08/201510:27:21Report of Foreign Issuer (6-k)
05/07/201514:27:12Report of Foreign Issuer (6-k)
05/06/201507:00:00Gabelli & Company’s 7th Annual Movie & Entertainment Conference
05/04/201510:27:43Grupo Televisa SAB Upgraded to "Hold" at Zacks (TV)
04/30/201516:13:54Report of Foreign Issuer (6-k)
04/29/201516:52:35Annual and Transition Report (foreign Private Issuer) (20-f)
04/29/201511:47:32Report of Foreign Issuer (6-k)
04/28/201506:41:30Grupo Televisa SAB Price Target Raised to $40.00 (TV)
04/27/201514:13:31Report of Foreign Issuer (6-k)
04/22/201510:41:01Report of Foreign Issuer (6-k)
04/21/201510:21:22Report of Foreign Issuer (6-k)

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