—Azteca Comunicaciones has installed to date 12,000 kilometers of fiber optic cable in Colombia, over 60% of the 19,000 kilometers contemplated in broadband connectivity project—
—Current coverage includes 452 municipalities, with the final goal to offer world-class telecommunications services to 753 municipalities—
MEXICO CITY, July 8, 2013 (GLOBE NEWSWIRE) -- TV Azteca, S.A.B. de C.V. (BMV:AZTECA) (Latibex:XTZA), one of the two largest producers of Spanish-language television programming in the world, announced today that it has installed 12,000 kilometers of fiber optic cable in Colombia, as part of a telecommunications project that will include a 19,000 kilometer network. Current coverage includes 452 municipalities, with the final goal of 753.
A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=19739
As previously announced, Azteca is building in Colombia the largest fiber optic network in Latin America. The network represents a significant increase in the telecommunication service infrastructure; according to estimates by the Colombian government, the number of municipalities covered with fiber optic increases from 27% to 96%, which facilitates the development of Colombia.
Azteca will commercialize world-class connectivity services at accessible prices for large segments of the population; that will positively impact the well-being of families and productivity of businesses, as well as better public services availability.
The commercialization of telecommunications services will diversify and strengthen Azteca revenue sources, adding to existing solid results in the media business. The Colombian government contributes about US$235 million for the network construction.
Azteca supports projects that improve the quality of life of the communities where it operates. Company Chairman Ricardo Salinas recently shared his vision about this project in his blog: A Colombian connectivity project.
Azteca is one of the two largest producers of Spanish-language television programming in the world, operating two national television networks in Mexico, Azteca 13 and Azteca 7, through more than 300 owned and operated stations across the country. Azteca affiliates include Azteca America Network, a broadcast television network focused on the rapidly growing U.S. Hispanic market, and Azteca Web, an Internet company for North American Spanish speakers.
Azteca is a Grupo Salinas company (www.gruposalinas.com), a group of dynamic, fast-growing, and technologically advanced companies focused on creating shareholder value, contributing to build the middle class of the countries in which they operate, and improving society through excellence. Created by Mexican entrepreneur Ricardo B. Salinas (www.ricardosalinas.com), Grupo Salinas operates a as a management development and decision forum for the top leaders of member companies. The companies include: Azteca (www.irtvazteca.com), Azteca America (www.aztecaamerica.com), Grupo Elektra (www.grupoelektra.com.mx), Banco Azteca (www.bancoazteca.com.mx), Advance America (www.advanceamerica.net), Afore Azteca (www.aforeazteca.com.mx), Seguros Azteca (www.segurosazteca.com.mx) and Grupo Iusacell (www.iusacell.com). Each of the Grupo Salinas companies operates independently, with its own management, board of directors and shareholders. Grupo Salinas has no equity holdings. However, member companies share a common vision, values and strategies for achieving rapid growth, superior results and world-class performance.
Except for historical information, the matters discussed in this press release are forward-looking statements and are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. Other risks that may affect Azteca and its subsidiaries are identified in documents sent to securities authorities.
The photo is also available via AP PhotoExpress.
CONTACT: Investor Relations: Bruno Rangel + 52 (55) 1720 9167 firstname.lastname@example.org Carlos Casillas +52 (55) 17 20 91 67 email@example.com Press Relations: Jaime Ramos +52 (55) 17 20 14 16 firstname.lastname@example.org Daniel McCosh +52 (55) 17 20 00 59 email@example.comSource:TV Azteca, SAB de CV