Izzi extends network to Yucatan State after USD40m investment

23 Feb 2015

Grupo Televisa-backed cable operator Izzi Telecom (formerly Cablevision) has extended its networks to parts of Yucatan State, in south-eastern Mexico. The network has already gone live in Merida, Uman and Progreso, and will be switched on Valladolid, Izamal, Motul, Tezimin, Buctzotz, Chemax and Temax in the coming weeks. Going forward, May this year is likely to see coverage extended to the neighbouring state of Quintana Roo, with cities such as Riviera Maya, Cancun, Playa del Carmen and Chetumal earmarked for deployment. The cableco’s total investment has been reported at around USD40 million. Adolfo Lagos, Grupo Televisa’s vice president for telecoms, commented: ‘Izzi is a highly disruptive product, a new service concept, which changes the rules of the game.’

TeleGeography notes that Grupo Televisa agreed to divest its 50% equity stake in mobile provider Iusacell in September last year, leaving it with three major telecoms assets: Cablevision (now Izzi Telecom), Cablemas and TVI. In January this year Televisa invested the proceeds of the sale in the acquisition of Cablevision Red (Telecable). It remains unclear as to whether Cablevision’s sister cablecos will ultimately be folded into Izzi Telecom.

Mexico, Cablevision (Izzi)