Televisa evaluates merger with Megacable

Televisa Group is evaluating a possible synergy with Mexican Megacable, to strengthen itself in TV and fixed broadband market. Alfonso de Angoita, Executive Co-President of the company, admitted in a conference with analysts that Televisa’s business merging with Megacable in Mexico has been evaluated.   

‘We believe that there is a great opportunity in combining our cable business with Megacable’, he said. If the two companies assets merger is done, Televisa would concentrate 75.1% of Mexican pay TV market, according to third quarter 2018 market share data provided by the Telecommunications Federal Institute (IFT).

Televisa, however, has not been able to reach a beneficial agreement to its shareholders at the moment, according to what de Angoita reported.