MEXICO
CITY, April 24, 2024 /PRNewswire/ -- Total Play
Telecomunicaciones, S.A.P.I. de C.V. ("Total Play"), a leading
telecommunications company in Mexico, which offers internet access, pay
television and telephony services, through one of the largest 100%
fiber optic networks in the country, announced today that it issued
Certificados Bursátiles (Cebures) for $1,000 million pesos, at 350 days and at a rate
of TIIE + 200 basis points. The resources will be used to refinance
a previous issuance of short-term Cebures for the same
amount.
The issuance represents a vote of confidence from the financial
community in the positive prospects of the business, its broad
value creation, and the increasing financial strength of Total
Play.
The company has the firm intention to continue promoting its
strategy that increases operational efficiency, which, together
with its strict financial discipline, further strengthens Total
Play's profitability and cash generation.
About Total Play
Total Play is a leading Triple Play provider in Mexico that, thanks to the widest
direct-to-home fiber optic network in the country, offers
entertainment and technologically advanced services with the
highest quality and speed in the market. For the latest news and
updates about Total Play, visit: www.totalplay.com.mx.
Total Play is a Grupo Salinas company (www.gruposalinas.com), a
group of dynamic, fast-growing, and technologically advanced
companies focused on creating economic value through market
innovation and goods and services that improve standards of living;
social value to improve community well-being; and environmental
value by reducing the negative impact of its business activities.
Created by Mexican entrepreneur Ricardo B.
Salinas (www.ricardosalinas.com), Grupo Salinas operates as
a management development and decision forum for the top leaders of
member companies. Each of the Grupo Salinas companies operates
independently, with its own management, board of directors, and
shareholders. Grupo Salinas has no equity holdings. The group of
companies shares a common vision, values, and strategies for
achieving rapid growth, superior results, and world-class
performance.
Except for historical information, the matters discussed in
this press release are concepts about the future that involve risks
and uncertainty that may cause actual results to differ materially
from those projected. Other risks that may affect Total Play and
its subsidiaries are presented in documents sent to the securities
authorities.
Investor Relations:
Bruno Rangel
|
Rolando Villarreal
|
+ 52 (55) 1720
9167
|
+ 52 (55) 1720
9167
|
jrangelk@totalplay.com.mx
|
rvillarreal@totalplay.com.mx
|
Press Relations:
Luciano
Pascoe
Tel. +52 (55) 1720 1313 ext. 36553
lpascoe@gruposalinas.com.mx
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SOURCE Total Play Telecomunicaciones, S.A.P.I. de C.V.