Mexicos Iusacell investment plan fails - Mobile World Live

Mexicos Iusacell investment plan fails

26 JAN 2012

A plan for broadcast company Grupo Televisa to acquire 50 percent of Mexican operator Iusacell for US$1.6 billion has been rejected by Mexico’s antitrust body following a nine month review, reports Mexican newspaper El Universal. The companies will be able to request a review of the decision. Bloomberg reported last week that a failure of the deal could put Iusacell’s future at risk. Francisco Borrego, chief legal counsel for billionaire Ricardo Salinas who controls Iusacell, said the operator could disappear without the investment.

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Tim Ferguson

Tim joined Mobile World Live in August 2011 and works across all channels, with a particular focus on apps. He came to the GSMA with five years of tech journalism experience, having started his career as a reporter... More

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