TV Azteca talks with Telefonica, others on deals
MEXICO CITY, March 29 (Reuters) - Mexico's second largest
broadcaster, TV Azteca, said on Wednesday it was in talks with
Spain's Telefonica as well as other telecommunication firms
over possible deals involving the Mexican company's phone and
Internet units.
"There are a lot of people who have visited us lately ...
Telefonica (MADRID:TEF) is just one of many who have approached TV
Azteca," TV Azteca's (NYSE:TZA) chief financial officer Luis
Echarte told Reuters.
TV Azteca owns a 50 percent stake in upstart wireless
telephone operator Unefon. Unefon owns the right to operate
several frequencies for fixed wireless telephone, voice, video
and data transmission. It also has point-to-point and
point-to-multipoint connections.
"It is the biggest spectrum (in Mexico)," Echarte said.
Terra Networks (MADRID:TRR)(NASDAQ:TRRA), a subsidiary of
Telefonica, is among several firms interested in developing
synergies with TV Azteca's 50-percent owned Internet unit,
Todito.com.
"The idea is to expand Todito, take it to Spanish speakers
(living in the United States), and we are seeking partners who
can open up that door," Echarte added.
mexicocity.newsroom@reuters.com)) |
