Iusacell confirms merger of Televisa-Iusacell has been rejected

Iusacell has announced it has been notified by Mexico’s anti-trust watchdog the Federal Competition Commission (CFC) that its planned deal with Televisa has been rejected, Notimex reports. The five-member commission voted 3-2 against the partnership, Iusacell said.

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.

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