Mexico's Televisa eyes new airport telecoms deal
Mexico’s Televisa eyes new airport telecoms deal
MEXICO CITY | Mon Jul 12, 2010 10:39am EDT
MEXICO CITY (Reuters) – Mexico‘s top broadcaster Televisa said on Monday it is interested in providing telecommunication services at an airport the government plans to build south of the popular Caribbean resort of Cancun.
“We are looking at that option in respect to telecommunications services provided in the airport itself, not to construct the airport,” Televisa’s (TV.N) (TLVACPO.MX) Executive Vice President Alfonso De Angoitia told analysts during a conference call.
Televisa has diversified from its core broadcast business in recent years, adding pay television and fixed-line phone to its services.
Local media suggested recently that Televisa may be interested in tendering for the construction and operation of a new international airport in Tulum, where pristine waters and white-sand beaches attract thousands of U.S. and European tourists every year.
Televisa’s Chief Executive Emilio Azcarraga holds a 25 percent interest in local low-cost airline Volaris; but according to recent reports, he is willing to sell that stake.
If their bid succeeds, Televisa would buy a 30 percent stake in Nextel Mexico for $1.44 billion.
The Tulum airport would require a $250 million investment and is expected to receive 3 million tourists in its third year of operation, according to the Mexican government.
Shares in Televisa, which posted on Sunday a 1.2 percent decline in second-quarter earnings, rose 0.56 percent to 48.50 pesos in morning dealings on Monday.
(Reporting by Cyntia Barrera Diaz, editing by Gerald E. McCormick)