MEGA (Buy, TP: MXN55, +25%) TV (Neutral, TP: $3.7, +12%) Mexico M&A - Deal time deja vu: Megacable to Buy
One year on and speculation as to a merger between Megacable and Televisa (Izzy Cable) is back, as evidenced by the past few days’ share price rally. Over the last year, Izzy has struggled operationally as Megacable has rapidly overlaid Izzy homes. We re-run a merger analysis reflecting the balance of power swing toward Megacable and the likelihood it rather than Televisa take control of the Cable NewCo.
Megacable Holdings and its subsidiaries are engaged in the installation, operation, maintenance and exploitation of cabling network distribution, internet and telephone systems.
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- Pan European Telecom Services and Cable
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- Pan European Telecom Services and Cable
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