Latin America's biggest media conglomerate Grupo Televisa today becomes the first provider to link internet services to Mexican cable TV subscribers. Using the Cablevision Digital Plus system as its platform, 25,000 of Televisa’s 420,000 subscribers – all in Mexico City – have registered for internet services through their cable boxes.
According to Cablevision president Pablo Vasquez, the company expects to add 80,000 subscribers in each of the next three years. The timing of the launch anticipates the imminent arrival in Mexico of the world's largest ISP America Online [see separate story, today's issue].
Today’s launch is the first stage in a $200 million investment plan to extend Cablevision’s coverage nationwide. Currently, Televisa reaches only 1.3 million homes in and around Mexico City, barely 10% of the nation’s total. Grupo Televisa has also committed $80 million this year to boost its dot-com portfolio.
News source: Wall Street Journal