In the last year, Megacable allocated more resources to the deployment of fiber and to expanding its presence at the national level, after the pandemic gave a boost to the restricted television segment due to the bundling strategy, which in addition to internet, telephony and television, now includes streaming. Only in the third quarter of this year, the company invested 2,745 million pesos, which represents 39.4% of its accumulated income in the year for the expansion of the network and entry into new markets.
Televisa’s objective through the merger is to exchange shares with a premium of approximately 19% for the shareholders of Megacable, in which the shareholders of the company chaired by Enrique Yamuni and Televisa would own approximately 45% and 55% of the combined company, respectively.
The proposal also includes the possibility that, upon closing of the transaction, Megacable shareholders receive a special cash dividend of approximately 14.8 billion pesos and Megacable would continue to be listed on the Stock Market. In addition, Televisa estimates that the combined company will have revenues of approximately 75,000 million pesos and an operating flow of 33,000 million pesos, and add 11 million subscribers.
“By combining its modern fiber optic infrastructure, complementary geographic coverage, financial resources, and skilled management teams, the combined business could more efficiently realize capital investments (Capex), accelerate growth, and increase broadband service penetration.” assures Televisa.