Televisa increases top-line by 9.9% in 2015; Ifetel approves TVI buyout

2 Mar 2016

Mexican media giant Grupo Televisa, which is a major player in the country’s telecoms sector via its ownership of telcos Izzi Telecom, Cablevision (TVI), Cablecom, Cablemas and Telecable, has reported net sales of MXN88.052 billion (USD4.832 billion) for the twelve months ended 31 December 2015, a 9.9% increase year-on-year. Telecoms-specific revenues surged 36.1% on an annualised basis, from MXN20.937 billion to MXN28.488 billion, equivalent to 31.6% of the group’s 2015 top-line sales.

In operational terms, Televisa’s consolidated broadband revenue generating units (RGUs) increased 34.0% y-o-y to reach 3.067 million, while voice RGUs jumped 54.0% to 1.891 million. Video customers increased 21.0% on an annualised basis, to 4.062 million. Televisa notes that its improved operating metrics primarily reflects the consolidation of Telecable, which was acquired in January 2015.

In related news, Mexico’s Federal Telecommunications Institute (Instituto Federal de Telecomunicaciones, Ifetel) has approved Televisa’s acquisition of the 50% stake in Monterrey-based Cablevision (TVI) that it does not already own. The watchdog has, however, imposed certain conditions on the media group, to ensure that the cableco and its sister companies will not pose a competitive risk to other players in the broadcasting segment.