Wednesday, 24 January 2018

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%…

TT PREMIUM CONTENT

If you are a subscriber login here


To access premium content you need to upgrade your account. To find out more click here

Since you're here...

...the Telecoms industry is characterized by constant change and evolvement. That’s why it’s crucial for telecom professionals to keep up-to-date with what is happening. Join 30,000+ of your peers and sign up for our free newsletter service today, to be in the know of what is going on. PLUS, as a member you can submit your own press releases!

See all membership options

Please enable JavaScript to view the comments powered by Disqus.

Newsletter signup

Quickly get on board and up to date with the telecoms industry