Televisa acquires part of Axtel's residential FTTH business

Tuesday, December 18th, 2018
Televisa logo

Televisa acquires part of the residential fiber-to-the-home business of Axtel

MEXICO CITY — Grupo Televisa, S.A.B. (“Televisa”; NYSE:TV; BMV:TLEVISA CPO) announced today that it has acquired from Axtel, S.A.B. de C.V. its residential fiber-to-the- home business and related assets in Mexico City, Zapopan, Monterrey, Aguascalientes, San Luis Potosi and Ciudad Juarez.

The assets acquired comprise 553,226 revenue generating units, consisting of 97,622 video, 227,802 broadband, and 227,802 voice revenue generating units.

The total value of the transaction amounts to Ps. 4,713 million and, as of September 30, 2018, the revenue and operating segment income associated to these assets over the prior twelve months reached Ps. 1,900 million and Ps. 631 million, respectively.