Mexico’s Televisa seen ally with Iusacell

Posted on April 4, 2011 • Filed under: Business, Mexico

Mexico’s top broadcaster Televisa (TV.N) is in advanced negotiations over a possible tie-up with Grupo Salinas’ cell phone operator Iusacell, a local newspaper columnist wrote on Monday. Televisa wants to buy a large chunk of Iusacell’s outstanding debt — currently held by secretive Mexican financier David Martinez — according to columnist Alberto Aguilar from daily El Universal. Read Article

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