Ifetel approves Mexican portion of AT&T-DirecTV ‘mega-merger’

19 Nov 2014

AT&T Inc has announced that it has received approval from Mexico’s Instituto Federal de Telecomunicaciones (Ifetel) in relation to the Mexican component of the telco’s USD48.5 billion ‘mega-merger’ with pay-TV giant DirecTV. AT&T notes that it was previously announced that the deal had received approval in Brazil and Trinidad & Tobago. All required approvals are now complete in these three countries.

In July, the merger review process was completed among regulators at US state level. AT&T’s petitions with the Public Service Commissions in Louisiana and Arizona did not receive protests or interventions and were approved in July. AT&T has also filed an informational notice with the Hawaii Commission.

TeleGeography notes that DirecTV holds a 41.3% in Sky Mexico (Innova), which itself retains management control of Sky Dominicana (Dominican Republic) and the Sky-branded operations across Central America (Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama). Elsewhere, DirecTV holds a 93% stake in Sky Brasil Servicos (Sky Brazil) and has wholly-owned DirecTV-branded subsidiaries in Argentina, Colombia, Ecuador, Peru, Uruguay, Venezuela, Puerto Rico and the Caribbean (including Trinidad & Tobago, Barbados, Aruba and Curacao).

Mexico, United States, AT&T, DirecTV Group, Instituto Federal de Telecomunicaciones (IFT), Sky Mexico