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Grupo Televisa says AT&T Mexico deal will strengthen its position

By Reuters News

MEXICO CITY, Oct 30 (Reuters) - Mexico's Grupo Televisa's TLEVISACPO.MX purchase of AT&T Mexican unit will materially strengthen its competitive position and offer significant value creation opportunities, Grupo Televisa co-CEO Alfonso de Angoitia said on Friday.

Following the acquisition, Televisa's balance sheet will remain strong and net debt to EBITDA will rise to 1.9 times from 1.6 times at the end of the third quarter, the executive told analysts in a call.

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