- Business
- Grupo Televisa, S.A.B. (TLEVISACPO.MX) operates as a leading Mexican telecommunications company focused on cable and direct-to-home satellite pay television services; it provides basic and premium television subscriptions, pay-per-view, installation, internet, telephone and mobile services, local and national advertising, and data and long-distance solutions through its fiber-optic network via the Cable segment including Izzi Telecom and the Sky segment. Founded in 1973 through the merger of Telesistema Mexicano and Televisión Independiente de México and headquartered in Mexico City, the company serves primarily the Mexican market with international reach through its 45% stake in TelevisaUnivision, which handles Spanish-language content production and distribution including free-to-air networks such as Las Estrellas, Canal 5, Foro TV and Nu9ve, pay-TV channels via Televisa Networks, telenovelas, publishing under Editorial Televisa with magazines like TVyNovelas and Vanidades, and digital platforms. In recent developments, Grupo Televisa completed the acquisition of AT&T's minority stake in Sky México in 2024 to integrate it with Izzi for cost synergies and operational efficiencies; spun off its non-core sports, gaming, publishing and stadium businesses including Estadio Azteca into a separate publicly listed entity named Ollamani in February 2024 to unlock shareholder value; issued $1.5 billion in new senior secured notes due 2032 in 2025; and reduced its capital expenditure budget to $600 million for 2025 while advancing network expansions to pass nearly 1 million additional homes.