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Mexico's Megacable board rejected Grupo Televisa's merger offer - Televisa statement

Reuters
Updated

MEXICO CITY, Dec 13 (Reuters) - The board of Mexico's Megacable rejected Grupo Televisa's offer to merge the firms' pay TV and broadband operations, according to a statement published by the TV firm Tuesday.

Televisa is seeking to merge its cable and broadband unit Izzi with its smaller listed rival Megacable, according to an offer letter seen by Reuters on Monday.

The firm said in a statement it will continue to seek alternatives with Megacable. (Reporting by Valentine Hilaire, Editing by Isabel Woodford)