Grupo Salinas acquires 50% of Iusacell from Televisa for US $717 mn, seeks global partner
Grupo Televisa SAB has agreed to sell its 50 percent stake in Grupo Iusacell SA to Ricardo Salinas for US $717 million. The mobile-phone company had struggled to compete in Mexico. The price is 55% less than what Televisa paid for the same percentage of shares in 2011.