Grupo Televisa 2016 sales jump 9.4%; hits out at regulator’s SMP U-turn

3 Mar 2017

Mexican media giant Grupo Televisa, which is a major player in the country’s telecoms sector via its ownership of Izzi Telecom, Cablevision (TVI), Cablecom, Cablemas and Telecable, has reported net sales of MXN96.287 billion (USD4.842 billion) for the twelve months ended 31 December 2016, a 9.4% increase year-on-year. Cable revenues jumped 11.9% on an annualised basis, from MXN28.488 billion to MXN31.892 billion, equivalent to 32.1% of the group’s 2016 top-line sales.

In operational terms, Televisa’s consolidated broadband revenue generating units (RGUs) increased to 3.412 million at year-end, while voice RGUs jumped to 2.113 million, and video customers climbed to 4.206 million. Elsewhere, satellite TV unit Sky Mexico reported 8.027 million subscribers at end-2016, claiming a further 206,814 subscribers in Central America and the Dominican Republic.

In other news, Mexico’s Federal Telecommunications Institute (Instituto Federal de Telecomunicaciones, IFT) has declared that together with some of its subsidiaries, Grupo Televisa has been found to be an economic agent with substantial power in the market of restricted television and audio, based on data relevant up to 2014. Televisa says that the decision – which reverses the IFT’s original 30 September 2015 ruling – is unconstitutional, and has asserted that it will ‘pursue all options in its defence’.