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Watchdog rejects Televisa-Iusacell deal

By  |  January 11, 2013

Televisa and Iusacell have announced that Televisa’s planned acquisition of half of Iusacell has been blocked by the Federal Competition Commission by a 3-2 vote. The news comes a week after the actual vote on the deal. The acquisition would have allowed Televisa to enter the mobile phone market and challenge the market leader, Carlos Slim’s America Movil SAB.

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    Televisa has pledged to appeal the watchdog’s decision.

    Source: Associated Press via Washington Post

     

    Related content: Margin Squeeze in Mexican Mobile Telecommunications (Victor Pavon-Villamayor, Federal Communications Commission)