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Cablemas S.A. de C.V.
COFECO Approves Conversion of Long-Term Notes
June 1st, 2008
Cablemas S.A. de C.V. (Cablemas) announced that COFECO, the Mexican antitrust commission, authorized Televisa the conversion of the long-term convertible notes into 49% of the voting equity of Cablemas. Cablemas CEO M. Alvarez Figueroa, commented: "We are pleased with COFECO's decision to authorize Televisa to purchase 49% of Cablemas. This decision allows the Company to strengthen its capital structure while increasing its penetration of the incipient Triple Play market in Mexico for the benefit of current and future clients." Keywords: Cablemas S.A. de C.V. This article was prepared by Pharma Investments, Ventures & Law Weekly...
Source: Pharma Investments, Ventures & Law Weekly (2008-06-01)
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