UPDATE 1-Televisa cuts 2024 capex forecast to $720 million
Reuters · 07/24 15:51
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MEXICO CITY, July 24 (Reuters) - Mexico's largest broadcaster Grupo Televisa TLEVISACPO.MX cut its forecast for 2024 capital expenditures (capex) to $720 million, the chief executive of the firm's cable unit, Francisco Valim.
Televisa announced in February a capex outlook of $790 million to focus on the reconstruction of its fibre-optic cable in hurricane-hit Acapulco.
The executive said Televisa expects insurance to reimburse it for expenditures in Acapulco.
(Reporting by Aida Pelaez-Fernandez; Editing by Anthony Esposito)
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