With Mexico’s competition regulator, Comision Federal de Competencia (Cofeco), having last week announced that it had reached a decision regarding local media giant Televisa’s bid for a 50% stake in Iusacell, details of the ruling have now been made public. According to Reuters, the antitrust watchdog has given the go-ahead for the acquisition, despite having rejected the proposed tie-up back in January 2012 over concerns that it could threaten competition in the television advertising market
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OVETEL Cofeco approves Televisa/Iusacell tie-up subject to conditions
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