0
Wireless

Televisa sells Radiopolis stake for MXN 1.5 bln

Monday 22 July 2019 | 14:27 CET | News
Mexican broadcaster and cable operator Grupo Televisa announced the sale of its remaining 50 percent stake in Sistema Radiopolis, a grouping of 17 radio stations in Mexico, to the Corporativo Coral business of the Aleman family. In a short statement, Televisa said it will receive MXN 1.248 billion for the stake, as well as a dividend of around MXN 200 million at closing.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Sistema / Televisa
Countries: Mexico
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Televisa completes sale of Radiopolis stake for MXN 1.25 bln

Published 06 Jul 2020 11:32 CET | Mexico
Mexican broadcaster and cable operator Grupo Televisa has completed the sale of its remaining 50 percent stake in Sistema ...

Mexico's Televisa evaluating legal action after Live Nation terminates Ocesa deal

Published 27 May 2020 10:01 CET | Latin America
Mexican broadcaster and cable operator Grupo Televisa announced that it's considering legal action after Live Nation terminated a ...

Televisa net sales dip to MXN 23 bln in Q1, posts MXN 9.7 bln loss

Published 28 Apr 2020 14:19 CET | Mexico
Mexican broadcaster and cable operator Grupo Televisa reported total revenues of MXN 23.2 billion in the first quarter of 2020, ...

Televisa sales up 3% in Q3, profit down 23% on higher costs

Published 28 Oct 2019 14:35 CET | Mexico
Mexican broadcaster and cable operator Grupo Televisa reported total revenues of MXN 25.8 billion in the third quarter of 2019, ...

Televisa sells Ocesa stake to Live Nation for MXN 5.5 bln

Published 25 Jul 2019 14:43 CET | Latin America
Mexican broadcaster and cable operator Grupo Televisa announced the sale of its 40 percent stake in Ocesa Entretenimiento, one of ...

Televisa Q2 revenues down 9% to MXN 24.3 bln, profit plunges on reduced ad sales

Published 11 Jul 2019 12:13 CET | Mexico
Mexican broadcaster and cable operator Grupo Televisa reported total revenues of MXN 24.3 billion in the second quarter of 2019, ...

Mexico's Izzi Telecom launches new convergent packs with Netflix

Published 02 Jul 2019 14:47 CET | Mexico
Mexican triple play operator Izzi Telecom, part of Grupo Televisa, has launched what it describes as the country's most complete ...

Televisa issues USD 750 million in bonds

Published 22 May 2019 15:42 CET | Mexico
Mexican broadcaster and cable operator Grupo Televisa has announced the issue of USD 750 million in bonds with a 5.25 percent ...

Televisa sales up 3% in Q1, profit falls on govt ad cuts

Published 30 Apr 2019 15:12 CET | Central America
Mexican broadcaster and cable operator Grupo Televisa reported total revenues of MXN 23.4 billion in the first quarter of 2019, ...

Televisa, Univision to merge sports divisions

Published 04 Apr 2019 11:57 CET | Mexico
Spanish-language broadcasters Televisa and Univision have announced a strategic alliance to combine their respective sports ...





Calendar   /   Industry Events

10 Aug Synchronoss Q2
10 Aug ON Semiconductor Q2 2020
10 Aug Pixelworks Q2 2020
10 Aug Sohu Q2 2020
10 Aug Avaya fiscal Q3
10 Aug Ceva Q2
10 Aug Gogo Q2 2020
11 Aug Viavi fiscal Q4
11 Aug NTT fiscal Q1
11 Aug Zoom Telephonics Q2 2020
11 Aug Rakuten Group Q2
11 Aug Lumentum fiscal Q4
11 Aug Radcom Q2 2020
12 Aug Tecnotree H1 2020
12 Aug Freenet Q2 2020
12 Aug Tencent Q2 2020
12 Aug Cisco fiscal Q4
12 Aug China Unicom Q2 2020
13 Aug iQiyi Q2 2020
13 Aug 1&1 Drillisch Q2 2020
13 Aug United Internet H1 2020
13 Aug Teleste Q2 2020
13 Aug RTL Group Q2 2020
13 Aug China Mobile H1 2020
13 Aug Singtel fiscal Q1
13 Aug Teleste Q2 2020
13 Aug Deutsche Telekom Q2 2020
13 Aug Swisscom Q2 2020
13 Aug Telstra FY results
14 Aug TDC Q2 results
::: More Calendar Items