UPDATE 2-Mexico's Televisa reports slightly higher 4th-qtr profit

jueves 26 de febrero de 2015 21:14 GYT
 

(Adds detail on phone package, reform)

MEXICO CITY Feb 26 (Reuters) - Mexico broadcaster Televisa, the world's biggest provider of Spanish-language content, on Thursday reported a 1.6 percent increase in its fourth-quarter profit, as it added pay-TV subscribers and sold more content and advertising.

The company reported a profit of 2.504 billion pesos ($169.79 million), up from 2.464 billion pesos in the year-earlier quarter.

Revenue rose 12 percent to 24.02 billion pesos, but some of that benefit was lost to financial costs including a loss on its sale of its stake in mobile phone unit Iusacell.

Televisa has not said whether it will invest in another mobile business. Executives on a conference call in October said they were "exploring our options in mobile."

Later that month the company launched a fixed-price package for an unlimited home phone and Internet service in an effort to snap up customers from billionaire Carlos Slim's America Movil .

Televisa's biggest business unit, which sells advertising and content, reported a 45.7 percent increase in fourth-quarter revenue.

The company's satellite pay-television business Sky finished the year with 6.7 million subscribers, up from 6 million at the end of 2013.

Televisa controls more than 60 percent of free-to-air TV in Mexico but is facing tough new measures stemming from a telecoms reform that seeks to drive competition in the sector.   Continuación...