$TV

Grupo Televisa and Fintech Holdings plan to acquire AT&T's Mexican operation for $2bn, forming a joint venture. The deal, pending approval, could reshape Mexico's telecom market by enabling fixed-mobile convergence. AT&T Mexico's EV/EBITDA multiple is 2.3×, below the emerging-market benchmark. Televisa's credit rating was downgraded, and the deal is structured to insulate its balance sheet. Regulatory hurdles and operational challenges remain.

Televisa (TV) reported Q3 2026 earnings. Residential revenue was flat at MXN 10.6B, while enterprise revenue grew 6.8% to MXN 1.1B. Sky lost 250,000 subscribers, with revenue down 25.5% to MXN 2.4B. Segment revenue fell 3.8% to MXN 14.1B, but operating income rose 5.6% to MXN 6B. TelevisaUnivision revenue increased 9% to $1.4B, with Mexico up 51% and the U.S. down 14%. Adjusted EBITDA was flat at $461M.

GRUPO TELEVISA, S.A.B. (TV) furnished an SEC Form 6-K — earnings release. Investor Relations PRESS RELEASE Televisa Reports Third Quarter 2026 Results Consolidated ● Revenue declined by 3.8%, while Operating Segment Income (“OSI”) increased by 5.6%, representing a 42.6% margin, continuing the sequential improvements. ● OSI margin expanded by approximat

Grupo Televisa (GRPFF) anticipates the completion of its deal with AT&T Mexico in Q1 2027, with a projected net debt-to-EBITDA ratio of 1.9x. The company provided this update, which may impact investor assessments of its financial health and strategic plans.

TelevisaUnivision reported Q3 revenue growth of 9% to $1.4B, driven by World Cup telecasts and ViX streaming service. Subscription and licensing revenue rose 30% to $640M, while ad revenue fell 5% to $717M. The company posted an operating loss of $119M, including a $372M impairment loss. U.S. ad revenue declined 24% to $328M, and CEO Daniel Alegre highlighted strong performance in Mexico and U.S. engagement.

TelevisaUnivision reported a 24% U.S. ad revenue drop and 14% total U.S. revenue decline to $715M in Q3, while Mexico saw a 19% ad revenue increase and 51% total revenue growth to $665M, driven by the FIFA World Cup. The company's streaming business, led by ViX, delivered record revenue with double-digit growth. Total company revenue grew 9% to $1.4B, but an operating loss of $119M was reported due to a $372M non-cash impairment loss. Adjusted OIBDA slightly declined to $461M.

U.S. stock futures rose ahead of inflation data and bank earnings. Alibaba (BABA) gained 2% on new AI glasses. Liquidia (LQDA) surged 46.7% after a $380.7M settlement. GameStop (GME) rose 1.9% on CEO share purchase. Bank of America (BAC) fell 1.7% on $1.21B regulatory penalties. Enovix (ENVX) climbed 10% on a 100,000 battery unit order. Grupo Televisa (TV) gained 4.5% on a $2B AT&T Mexico deal.

Televisa and Fintech Holdings plan to acquire AT&T Mexico for $2 billion, forming a 50-50 consortium. The deal, pending regulatory approval, is expected to close in Q1 2027. AT&T Mexico had 24.7 million subscribers and $4.65 billion in revenue in 2025, according to Televisa.

Mexico's S&P/BMV IPC fell 0.21% on Monday, closing at 64,727.54. Grupo Televisa (TLVISA.MX) dropped 12.70% to 7.77 pesos after being removed from the benchmark index. The peso weakened 0.2% against the dollar. The government will present its 2027 economic package on Tuesday, which could impact market sentiment.

NCLT’s Mumbai bench admitted Punjab National Bank’s Section 7 insolvency petition against TV Vision Ltd, triggering CIRP over an alleged ₹294.65 crore default. Alok Kumar Murarka was appointed IRP and the board’s powers were suspended. A moratorium under IBC Section 14 began July 30, 2026. PNB said term loans of ₹100 crore were NPAs from March 2018; OTS offers were rejected.