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América Móvil beats Mexican TV firms to $40 billion

Friday, February 7, 2014

Mexican TV firms Televisa and TV Azteca will lose some $40 billion after losing out on the Winter Olympics transmission rights.

Carlos Slim's América Móvil bought the rights for transmitting the games through his telecoms firm América Móvil.

Slim payed some $100 million for the deal, according to estimates.

Source (in Spanish): El Financiero