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Mexico's Televisa In Talks With Iusacell On Mobile Alliance

MEXICO CITY -(Dow Jones)- Mexican broadcast and media conglomerate Grupo Televisa (TV, TLEVISA.MX) said Tuesday it is in conversations to explore a possible alliance in the mobile phone market with wireless operator Grupo Iusacell. "At this time, no agreement has been reached between Televisa and Grupo Iusacell. There can be no assurances that any agreement will be reached, or the timing or terms of any such agreement, if one is reached," Televisa said in a press release. Televisa, Mexico's largest television broadcaster which runs four of the country's six nationwide broadcast channels, also provides satellite TV service and TV, Internet and phone service, or triple play, through its cable businesses. Grupo Iusacell, the smallest of Mexico's four mobile operators, is controlled by Ricardo Salinas Pliego, who runs the country's No. 2 broadcaster TV Azteca SAB (TVAZTCA.MX). The TV companies are involved in a dispute with the country's largest telecommunications concern America Movil SAB (AMX, AMX.MX), controlled by billionaire Carlos Slim, demanding lower interconnection rates from Slim's Mexican mobile company Telcel. In October last year, Televisa pulled out of a planned $1.44 billion investment for a 30% stake in Nextel Mexico, the local unit of NII Holdings Inc. (NIHD), after Iusacell filed a series of lawsuits challenging the validity of an auction in which Nextel and Televisa won a 30-megahertz block of wireless spectrum. Other operators were kept from bidding on the block because of spectrum caps imposed by the country's antitrust commission. By Anthony Harrup, Dow Jones Newswires; (5255) 5980-5176, anthony.harrup@dowjones.com

Stock News for Telvisa (TV)
DateTimeHeadline
04/29/201616:57:58Annual and Transition Report (foreign Private Issuer) (20-f)
04/29/201616:30:47Report of Foreign Issuer (6-k)
03/07/201617:18:32Report of Foreign Issuer (6-k)
02/26/201614:10:00Mexico's Televisa Focuses 2016 Investment on Cable, Telecom
02/12/201611:02:36Report of Foreign Issuer (6-k)
02/04/201615:38:31Amended Statement of Ownership (sc 13g/a)
01/26/201614:13:49Amended Statement of Ownership (sc 13g/a)
12/18/201511:00:00Univision and Televisa Expand Partnership to Increase Opportunities fo...
11/24/201515:29:20Report of Foreign Issuer (6-k)
11/23/201515:57:08Prospectus Filed Pursuant to Rule 424(b)(5) (424b5)
11/20/201510:37:07Report of Foreign Issuer (6-k)
11/20/201506:05:27Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
11/19/201509:34:16Prospectus Filed Pursuant to Rule 424(b)(5) (424b5)
11/17/201516:56:57Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
10/27/201510:38:04Report of Foreign Issuer (6-k)
10/23/201512:37:06Report of Foreign Issuer (6-k)
10/22/201519:34:37Acquisitions push Grupo Televisa back into profits
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)

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