Friday, 18 August 2017

Salinas buys Iusacell, seeks strategic partner

By Mary Lennighan, Total Telecom
Thursday 11 September 14

Mexican conglomerate acquires remaining 50% of mobile operator for $717 million.

Ricardo Salinas has taken sole ownership of Iusacell and announced that he is seeking an equity partner for the struggling Mexican mobile operator. The businessman's conglomerate Grupo Salinas agreed to pay US$717 million for the 50% stake in Iusacell held by media company Televisa. Grupo Salinas already holds the other 50%…

Ricardo Salinas has taken sole ownership of Iusacell and announced that he is seeking an equity partner for the struggling Mexican mobile operator. The businessman's conglomerate Grupo Salinas agreed to pay US$717 million for the 50% stake in Iusacell held by media company Televisa. Grupo Salinas already holds the other 50%…

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