Mexico’s Televisa to buy stake in Iusacell-WSJ

MEXICO CITY, April 6 (Reuters) – Top Mexican broadcaster
Televisa will buy a 50 percent stake in mobile operator Grupo
Iusacell, the Wall Street Journal reported on Wednesday, citing
a source close to the transaction.

The transaction would total $1.6 billion and a fraction of
this would go to debt repayment, while the rest would go to
expand Iusacell’s network, the newspaper reported.

A spokesman for Televisa could neither confirm nor deny the
report. Iusacell declined to comment past Tuesday’s statement
that talks were underway between the two companies.

(Reporting by Robin Emmott and Ana Isabel Martinez)

Mexico’s Televisa to buy stake in Iusacell-WSJ