Iusacell appeals watchdog's rejection of Televisa deal

Mexican operator Iusacell has filed an appeal against the Mexican anti-trust watchdog’s decision to reject its planned deal with Spanish-language broadcaster Televisa, Eduardo Ruiz Vega, Iusacell’s director of compliance, told El Universal.

In April 2011, Televisa agreed to invest USD 1.6 billion for a 50 percent stake in Iusacell. The deal was expected to provide money for Iusacell to expand its business and give Televisa, which also offers fixed-line voice and internet services, an entry into the mobile market. However, at the beginning of February, the five-member commission (The Federal Competition Commission – CFC) voted 3-2 against the partnership. The CFC now has 60 days to review the case, issue a new decision or confirm the current one.

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