AT&T has issued a clarification on the story that Mexico’s media and anti-trust regulators have anxieties over the proposed merger between AT&T and Time Warner, and in particular how the merger would affect the running and management of Sky Mexico.
A statement from AT&T, issued on Aug 29th, says: “We appreciate the work done by both the IFT and COFECE to analyze and authorize the acquisition of Time Warner by AT&T. The IFT set conditions for this transaction, aimed at keeping and promoting competition in the sector. Those conditions do not contemplate a structural separation of the companies or any divestiture processes. In contrast, they establish mechanisms so that the businesses of Time Warner, Sky México and HBO LAG have independent operations, as they already do.”
“We continue to have the right to appoint board members to Sky Mexico, but our board members cannot be involved in the Time Warner operations regarding agreements with Pay-TV operators in Mexico,” the statement concluded.