Televisa climbs following deal to purchase AT&T's Mexican unit

By Reuters News

** Shares in Mexico's Grupo Televisa TLEVISACPO.MX jump on Wednesday after the company announced it will buy AT&T's Mexican unit for $2 billion in cash.

** Analysts at GBM said they find the transaction's valuation attractive as "the transaction could generate significant synergies."

** Shares of Grupo Televisa, which operates the country's largest television network, are up 6.8%, pairing gains after rising as much as 7.4%.

** Today's gains added 1.7 billion pesos ($91.69 million) to the company's market capitalization.

** Televisa shares were removed from Mexico's main stock index .MXX back in September

** AT&T's unit purchase will be done together with Fintech Holdings, a private investment firm and holding company owned by Mexican billionaire David Martinez.



($1 = 18.5410 Mexican pesos)

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