Grupo Televisa says AT&T Mexico deal will strengthen its position
TV•Grupo Televisa co-CEO Alfonso de Angoitia said the purchase of AT&T’s Mexican unit would strengthen the company’s competitive position and create value. He said net debt to EBITDA would rise to 1.9 times from 1.6 times after the acquisition.
1. Leverage after acquisition
Grupo Televisa co-CEO Alfonso de Angoitia said the purchase of AT&T’s Mexican unit would materially strengthen the company’s competitive position and offer significant value-creation opportunities. He told analysts that Televisa’s balance sheet would remain strong after the acquisition, with net debt to EBITDA rising to 1.9 times from 1.6 times at the end of the third quarter.
