MEXICO CITY, 5 April (approved) .- After angry denials from Televisa and Grupo Salinas against the columnist Miguel Angel Granados Chapa, who published on Sunday 23 January that the company Azcarraga Jean "would have already in their hands all the Iusacell's shares, on Tuesday April 5, Televisa finally confirmed that it is in talks to acquire the debt that the mobile phone company, the third largest in the country - bought with David Martinez, the owner of Fintech Monterrey.
columnist Alberto Aguilar published on 4 April, the advancement of this process may constitute a new pump in the midst of war Telmex and Telcel, the two major TV networks reveal a reorganization because the mobile telephony market in Mexico. It would also explain why Televisa channels has been intensively promoting Iusacell and its promotion of the 4G network, in direct competition with Telcel.
Aguilar warns in her column, published in El Universal:
"In effect, they advance to the television (Televisa) could ally with the Grupo Salinas Ricardo Salinas Pliego in Iusacell, case in which negotiations are apparently already very advanced.
"They fit the times goes live telephone Adrian Steckel, who already reached a settlement with its creditors and is almost about to leave his current status of insolvency.
"To our knowledge, Televisa will become the important holdings of debt Monterrey David Martinez, owner of Fintech Advisory, which I have already talked.
" The financial sharpened was shopping at Iusacell debt markets and date owns 98% of the role of the broadcast 2011, 92%, from 2012, and 76%, from 2013. This was purchased at a discount between 40 and 50% for something like 200 million dollars.
"Martinez has long viewed the opportunity to Iusacell, when Verizon no longer felt at home in Mexico, but he was overtaken Salinas Pliego.
"Since then he has tried to convert that debt into capital, but TV Azteca does not have similar terms of the proposed exchange.
" Hence his offer now with Televisa, taking advantage of current circumstances and given that this station has sought to have with a stronger platform for telephony.
"At the same Iusacell have a partner like Televisa should boost its market presence, especially the rivalry that now unites the two major TV networks against Grupo Carso, Telmex and Telcel owner."
The plot of simulations
consumers of the telecommunications market are spectators of a great masquerade in this slippery slope that has been the dispute over a market of more than 30 billion dollars annually and Televisa's attempt to become the owner of a network of mobile phone to rival Telcel, which accounts for 76% of consumers.
The simulation begins with Iusacell launched the war last year against the Bid 21. The Ricardo Salinas Pliego company argued in court that the basis for bidding 90 MHz of the band were aimed at 1.7Ghz for the joint venture between Televisa and Nextel. Grupo Iusacell filed
more than 40 lawsuits in different courts and obtained two orders of interim measures to suspend delivery of the "bargain" for Televisa-Nextel to 180.1 million pesos were left with the most precious band of the spectrum of 30 Mhz .
The Tender 21 became a political scandal, legislative and media. The two main authorities, Juan Molinar, then head of the SCT, and Mony de Swaan, president of Cofetel, and again denied that the bases had been drafted to favor Televisa. Grupo Iusacell litigated in court against this view, becoming a real "thorn in the side."
In October 2010, after authorities gave the SCT granted the title of representatives of Nextel, Televisa issued a cryptic statement in which he announced that broke its negotiations with Nextel. This company, directed by Peter Foyo Mexico's left as the Mexican wedding brides, dressed and disheveled, in the midst of the scandal. Televisa
managed that because of the "politicization" of this tender decided to retire and prioritize its investment in Univision, the English American television since long ago has become an obsession for Emilio Azcarraga Jean, who lost in June 2006 the possibility of acquiring a majority stake in the company. Alberto Aguilar
reveals that Televisa after the departure of its partnership with Nextel "efforts were made by Televisa to seek an alliance with Telefonica Movistar led by former Secretary of the Treasury, Francisco Gil Diaz, though the results were not satisfactory for the high demands of the English. "
In December 2010, the two bitter rivals in the telephone market, Telmex and Telefonica - released an interconnection agreement that set a fee at 0.95 cents, giving birth to the future war that we now see on TV screens and in print media.
On January 23, 2011, columnist Granados Chapa said in his collaboration reform the operation of Televisa to stay with the "totality" of the shares of Iusacell would allow "well rid of his main rival in court and count all of a sudden with 53 MHz of spectrum, which has Iusacell. "
The denial of Granados Chapa was furious and even offensive. Televisa and TV Azteca went on to accuse the journalist, awarded the Belisario DomÃnguez Medal by the Senate, he lied and did not consult the companies themselves.
Televisa's statement, signed by Manuel Compean, said Granados Chapa text it was "an unfortunate article that does not have the minimum journalistic rigor." As if the regulatory authority, Compean had the luxury of not clarify that Telcel has 77.1 MHz, as I said the article by Granados Chapa - but the 123 MHz spectrum that Nextel "no plans to return to society is formed to participate in the bidding past the spectrum. "
Less than a month, began open warfare Televisa and TV Azteca against the powerful duo formed by Telmex, Telcel. The beginning of hostilities was generated following the suspension of advertising guidelines for companies on the canals Carlos Slim Televisa. Executive Vice President Alfonso de Angoitia confirmed in late February this boycott, but downplayed the impact in terms of revenue for the consortium of Azcarraga. Less than a week later, TV Azteca announced it was suspending ads Telmex-Telcel by disagreements in the negotiations of the interconnection rates Iusacell with Slim's companies.
Thereafter, it is clear and open the concerted and agreed between Televisa and TV Azteca, seen as competitors in television, its screen space to charge monopoly Grupo Carso and affect consumers.
Iusacell went into action, playing almost the same strategy applied in the bid 21. Its legal director, Francisco Borrego, filed with the Federal Communications Commission a complaint against Telcel, March 30 for alleged discriminatory practices by charging different rates to their users based on the destination network or source of calls . Iusacell
Telmex also sued for payment for the month of February for interconnection. Telcel, Telmex
have not been idle and used to play rough, also countersuing Televisa and Iusacell. The first, by concentrating on pay television and second, to maintain rate highest turnover of all operators.
paid inserts in its print and online, Telmex said: "Iusacell cell exmonopolio loses market share of 100 percent to 4.4% and news with lies used to pressure the authorities."
The mysterious David Martinez
This melodrama for control of the mobile phone market represents over 60% of what the industry generates annually, the most puzzling is David Martinez, a Monterrey-born businessman who has built an empire through Fintech Advisory, which controls three different investment funds.
Martinez lives between London and New York. He studied at the Tec de Monterrey and after being rejected in a number of powerful consortia Monterrey because his personality does not match with "profile" business, he studied business at Harvard master and has become a powerful multinational financial. Big Deal
David Martinez is to buy corporate debt, a discount across multiple financial instruments. Recently purchased at a discount between 40 and 50% of the debt of the powerful derivatives Vitro had with several European banks. Liabilities of $ 240 million it took in $ 177 million. Also acquired the rights to payment of property derived from creditor banks for the use of derivative instruments in the National Banking and Securities.
Since 2003, Fintech Advisory was established partner of Grupo Iusacell. In his report to the SEC (File 5-50672), Martinez said the regulatory agency of the U.S. market:
"We have doubled the price of the offer and provides further evidence of our commitments and other stakeholders in Iusacell. We urge Iusacell's board to assess our supply agreements with its fiduciary duties and recommended that shareholders of Iusacell participate in our bid to protect the interests minority shareholders, as opposed to Verizon and Vodafone executives do not have the luxury of getting rid of millions of dollars. "
After this operation, Julio Herrera, CEO of Fintech Advisory and Nortel, as part of Iusacell directory, virtually bankrupt company of Ricardo Salinas Pliego.
Now, David Martinez would play a key role in this plot of war of television and Carlos Slim.
this has not only played a more than important. Martinez was one of the main legal and financial advisers claim he filed Paula Cussi, the last legally recognized wife of Emilio Azcarraga Milmo, El Tigre, against Emilio Azcarraga Jean for violation of the division of the inheritance of the man who consolidated the empire Televisa.
But this is part of another series.
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