2024-04-11 03:19:09
Televisa Group announced the merger of its cable television companies, SKY e Izzy, with what your programming it could change.
Televisa reached an agreement with both entities to acquire their share capital, thanks to the change of shareholders in SKY.
With this, Grupo Televisa will consolidate itself as a “powerful” company in its field, he assured. Luis Malvido, current CEO of SKY Méxicowho will leave office on April 15.
“Without a doubt this will be a great success for Izzi, for SKY and for Grupo Televisa”
Luis Malvido, CEO of SKY Mexico
SKY and Izzy merge with Grupo Televisa; “It’s the correct decision”, assures Malvido
Through a video, the CEO of SKY México, Luis Malvido, shared the important news for the cable television company “and especially for Grupo Televisa” in which it was decided unify two brands into a single group.
It’s about the merger of SKY and Izzi with Grupo Televisa to create a “super powerful” company in its field to whom Malvido predicted great success.
“I want to share with you a very important news, important for Sky and especially for the Televisa Group…Grupo Televisa decided to unify the two companies (Sky and Izzi), a company that is going to be super powerful…I am very very convinced that “It is a great decision, it is a correct decision that ultimately had to do with the fact that there was a change of shareholders in SKY that allowed this operation to be completed.”
Luis Malvido, CEO of SKY Mexico
With the merger, Luis Malvido will cease to be the CEO of SKY México after more than two years in the position andwill be highlighted by Francisco ValimCEO of Izzi.
It should be noted that Televisa Group achieved the merger of SKY with Izzi after acquired AT&T’s stake in SKY México.
With this, Televisa becomes the owner of 100% of Sky’s share capital.
What is going to happen to the programming of Izzi and SKY with the show with Grupo Televisa?
Before the merger of SKY and Izzi with Grupo Televisa the programming could undergo some changes; however, this will always ben benefit of millions of users that they have together, assured Luis Malvido.
Likewise, he highlighted that the new offer from Grupo TelevisNow with the merger of both companies it will be the best in entertainment which “of course” provides SKY, thus with the “best and most extensive broadband” in Mexico.
“A value offer that consists of better entertainment, which of course provides SKY but also with the best and most extensive broadband in the entire country”
Luis Malvido, CEO of SKY Mexico
However, until now It is unknown how the programming of SKY channels will changewhich are currently only available by subscription, as well as those of Televisawho has open and cable channels.
Televisa buys AT&T’s stake in SKY; now he controls it 100%
Televisa reported on April 3 that it reached a agreement with AT&T to buy 41% of its capital in SKY México, which will allow you to control 100% of the company.
It should be noted that AT&T CEO John Stephens said that Since 2019, the telephone company has been seeking to sell its stake in SKYas part of a plan to recapitalize after buying Time Warner.
According to the agreement reached Televisa will pay AT&T for Sky in 2027 and 2028 provided this complies with regulatory approvals; The amount agreed upon for the transaction was not disclosed.
2024-04-11 03:19:09