Ifetel: Televisa’s Cablecom acquisition has led to ‘substantial power’ in 99 markets

30 Apr 2015

Mexican regulator Instituto Federal de Telecomunicaciones (Ifetel) has declared that broadcasting giant Grupo Televisa now has ‘substantial power’ in 99 markets across the country, chiefly as a result of its August 2014 acquisition of Cablecom. Ifetel will now issue a draft resolution regarding its findings and take ‘necessary measures to prevent harm to competition in these markets’. The regulator’s ruling comes at a time when Televisa is being probed for its possible nationwide dominance in the pay-TV sector.

As previously reported by TeleGeography’s CommsUpdate, in August last year Grupo Televisa paid MXN8.55 billion (USD654 million) to acquire the 49% of shares in triple-play cable network operator Cablecom that it did not already own. In August 2013 Televisa paid an initial MXN7 billion for a 51% controlling stake in Cablecom, which is understood to operate in 16 Mexican states.