Tech and Web NEWS

Mexico pay-television service giant Grupo Televisa is snatching phone customers from Carlos Slim Telefonos de Mexico

By Elizabeth Haggar for CEOWORLD Magazine Updated:October 19, 2009


Grupo Televisa SA, (NYSE:TV)  Mexico’s largest provider of pay-television service, is snatching phone customers from Carlos Slim’s Telefonos de Mexico SAB (NYSE:TMX).

Televisa’s cable business, luring customers with packages of TV, phone and high-speed Internet services, gained almost 25,000 phone lines last quarter from other carriers, government statistics show. Telmex, as Slim’s company is known, lost 75,000 lines, according to estimates from Michel Morin at Barclays Capital Inc. in New York.

Mexico’s government bars Telmex from offering TV, leaving the market for customers who want all three products in large metropolitan areas, such as Mexico City, to Televisa. The cable business has been its fastest-growing source of sales and profit, helping the largest Spanish-language broadcaster make up for slower growth in advertising sales during Mexico’s worst recession since the 1930s.

“The cable business now has become a focal point of future growth,” said Morin, who doesn’t own Televisa shares and estimates the stock will trade at 57 pesos ($4.35) within 12 months, implying a gain of 13 percent from the closing price on Oct. 16. “They should be able to expand their share of the voice market in Mexico.” He rates the shares “equal weight.” Bloomberg reported.

Grupo-Televisa

Related Reading:

DMT W8FCNB  8" DuoSharp Bench Stone Fine / Coarse - No BaseDMT W8FCNB 8" DuoSharp Bench Stone Fine / Coarse - No BaseA double-sided bench stone is not only more convenient to carry (one stone instead of two), but its money saver too! Theyll sharpen, hone and lap, al... Read More >
Tech 4 O Women's Accelerator Pulse WatchTech 4 O Women's Accelerator Pulse WatchYou really don’t want guesswork when it comes to speed, distance, and heart rate measurements. The Pulse provides the chest strap heart rate monitor giving the best known accurate measure. Tech 4 0 delievrs the stats you need with 95+% accuracy. Accelerator Pulse will never let you down.
Scosche NN04B 2007-Up Nissan Car Stereo ConnectorScosche NN04B 2007-Up Nissan Car Stereo ConnectorScosche NN04B 2007-up Nissan car stereo connector
A4Tech FlexiCam PK-7MA - Web camera - color - audio - USBA4Tech FlexiCam PK-7MA - Web camera - color - audio - USBPRODUCT FEATURES:White LED lighting - easy on / off adjustment and it brings you convenience and clearness even in darknessBendable and portable desig... Read More >
adidas Men's Tech-Fit Power Web Sleeveless Tee,Black,Smalladidas Men's Tech-Fit Power Web Sleeveless Tee,Black,SmallCLIMACOOL® compression sleeveless tee. Anatomically placed TPU banding to enhance athletic posture and movement, with compression properties to incre... Read More >
Share this Post:
  • Digg
  • del.icio.us
  • Facebook
  • Google Bookmarks
  • email
  • FriendFeed
  • LinkedIn
  • MySpace
  • RSS
  • StumbleUpon
  • Technorati
  • Yahoo! Buzz
  • Identi.ca
  • PDF
  • Wikio
  • Mixx
  • Print
  • Propeller
  • SphereIt
  • Sphinn
  • Suggest to Techmeme via Twitter
  • Tipd
Sphere: Related Content

Author : Elizabeth Haggar

Author's Website | Articles from Elizabeth Haggar

Like this article!

Get our best articles delivered direct to your inbox at no cost. Sign up for CEOWORLD Magazine daily by entering your email below.


Readers Rating:
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading ... Loading ...
Popularity:
17198 views
Leave a Comment:
add your comment
Tagged with: , , , , , ,
  • comcastcabledeals
    What do you mean by snatching phone customers? Some type of advertising?
blog comments powered by Disqus


Follow CEOWORLD Magazine

82358 RSS & 8000 Twitter Subscribers

Enter your email address:

Post a Job on CEOWORLD Magazine

Jobs on ceoworld

CEOWORLD Magazine on Facebook

Market summary



CEOWORLD News

Trinity Mirror buys Guardian Media Group (GMG) Regional Media business

Trinity Mirror Plc (TNI.LN), a multimedia business with leading print, online and TV brands, announced Tuesday that it h [...]

Redpoint Ventures raises $400 mln for start-ups in the Social and mobile and clean technology

Redpoint Ventures, which helps entrepreneurs to build innovative businesses announced that it had closed a new $400 mill [...]

Foodie Love- Foursquare signs a deal with Zagat to create media and entertainment mix

Foursquare, a location based social network that incorporates gaming elements, signs a deal with restaurant rating guide [...]

Naspers and DST Forticom in talks to pool Polish social networks Gadu-Gadu and Nasza-klasa.pl

DST (Digital Sky Technology) -owned holding Forticom, a Russian Internet holding company which holds a 75 percent stake [...]

Entertainment media company Galleon Holdings acquires 19% Stake in Dragonfruit Studios

Entertainment media company Galleon Holdings Plc, has acquired a 19% stake in Dragonfruit Studios LLC for US$1m. US$500, [...]

Advertisement!

CEOWORLD Magazine

Poland Business Guide


cosmos yachting LLC

lucentbyte


Global business networking



An International Business and Online Marketplace offers B2B Leads & promoting B2B Products of Worldwide Importers & Exporters


Get Chitika Premium

Thank you!



Quick Links:     Journalist Association of Europe Member   ·   Careers   ·   Subscription   ·   CEOWORLD Exchange   ·   Contact Us   ·   Terms of Use   ·   About us   ·   Advertise