“Megacable proposed terms and conditions that would not have been beneficial to Televisa’s shareholders and, moreover, did not conform to the corporate governance practices of listed companies,” it added.
Televisa’s shares fell 5% early in the morning after the company reported losses close to 14,000 million pesos in the fourth quarter the previous day, but they recovered part of those losses after the call, around a fall of 3.5 %.
Executives at the media giant also said Friday that the company plans to invest more than $800 million in capital by 2023.
Of that amount, about $620 million will go to cable TV services, some $160 million will go to Televisa’s satellite unit Sky, and another $40 million would go to other units, de Angoitia said.
With information from Reuters
