 MEXICO | ALLIANCE |
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| Iusacell and Televisa Accept CFC's Terms |
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Both companies accepted the terms and conditions stipulated by the Federal Competition Commission (CFC) in Mexico, thus finalizing the anticipated alliance.
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On Thursday, May 14, the Federal Competition Commission (CFC) in Mexico approved the Alliance between Iusacell and Televisa, with a series of terms and conditions.
Now, both companies released a joint statement to accept the terms, thus giving way to the highly anticipated alliance.
Without any more setbacks, Televisa announced it acquired a 50% stake in Iusacell for US$ 1.6 billion.
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"Accepting these conditions allowed Televisa to turn the obligations stipulated by GFS Telecom Holdings, owner of Iusacell, into ordinary stock in GSF. As of today, Televisa has a 50% stake in GFS," said the company to the Mexican Stock Market.
Once the alliance is finalized, Televisa will become one of the first operators to offer quadruple play services (fixed telephony, mobile, internet and video).
The CFC's list of terms and conditions -accepted by both companies- includes the success of an upcoming tender for broadcast TV frequencies, non-discriminatory treatment to competitors in advertising and the provision of television programming to pay TV rivals.
In addition, Televisa will not be able to retain its share in TotalPlay, preventing the company from having stake in a competitor.
The alliance redefines the Mexican telecommunications industry, mainly mobile, a field where Telcel is a clear leader.
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