AT&T and Televisa: Mexico Wireless Deal Has Minimal AT&T Impact, Creates Upside for Televisa
AT&T agreed to sell its Mexican wireless business for $2 billion to a 50/50 joint venture between Grupo Televisa and Fintech Holdings.
AT&T agreed to sell its Mexican wireless business for $2 billion to a 50/50 joint venture between Grupo Televisa and Fintech Holdings.
Televisa’s cable business should continue to grow despite competitive pressure and remains well positioned to capitalize as broadband penetration in Mexico increases.
The Mexican broadband industry is more competitive than virtually any other market globally. Pricing is too low to generate attractive profitability, and too many players are chasing too few customers.
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Metric
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TV
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DIS
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CMCSA
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Price/Earnings (Normalized) | — | 17.56 | 5.83 |
Price/Book Value | 0.21 | 1.76 | 0.87 |
Price/Sales | 0.43 | 2.01 | 0.64 |
Price/Cash Flow | 1.37 | 10.18 | 2.64 |
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Metric
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TV
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DIS
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CMCSA
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Quick Ratio | 2.22 | 0.56 | 0.65 |
Current Ratio | 2.40 | 0.71 | 0.80 |
Interest Coverage | 0.68 | 7.71 | 4.18 |
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Metric
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TV
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DIS
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CMCSA
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Return on Assets (Normalized) | −3.75% | 2.61% | 5.15% |
Return on Equity (Normalized) | −8.81% | 4.82% | 14.67% |
Return on Invested Capital (Normalized) | −2.56% | 3.77% | 8.98% |
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