Mexico’s Televisa wants Megacable
April 28, 2016
By Chris Forrester
Bloomberg is reporting that Mexico’s media giant Televisa is looking to buy Megacable Holdings, one of its main rivals in pay-TV in Mexico.
The green light has reportedly been given by Mexico’s Federal Telecoms Institute regulator, which has said that a merged company would not dominate in pay-TV (despite Televisa reportedly already commanding a 60.6 per cent market share).
This approval is based on the fact that the two players do not share the same geographical coverage areas. However, the end result of a consolidation would be a 75.7 per cent market share when all of the various Televisa sub-brands are included.