Azteca Wins Tender to Build and Operate Fiber Optic Network in Colombia

USA - English

• Latin America - español

MEXICO CITY, Nov. 7, 2011 /PRNewswire/ -- 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 the company won a tender to build and operate a fiber optic network that would cover about 80% of Colombia, an area where about 40 million Colombians reside.

The project consists of the installation of the network and the commercialization of telecommunications services for offices and homes in 753 municipalities. In addition to adding value to these regions, the project will provide an important platform for Azteca to enter other areas that represent Colombian telecommunications business opportunities in the future.

The Colombian government will provide approximately US$230 million for the construction of the network in the 753 municipalities.

The Colombian government is applying a well-directed subsidy to ensure that the most important services for access to the information superhighway are within the reach of everyone, especially the country's neediest, at accessible prices, through the efficient operations of a competitive company," said Ricardo B. Salinas, Chairman of Grupo Salinas.

This positive result is a vote of confidence from the Colombian government and society in general regarding the technical and management capability of Azteca to offer world-class telecommunications services that will effectively impulse business productivity and the general well-being of the inhabitants of these communities.

With this positive result, Azteca is positioned for continued dynamic growth, as well as revenue diversification and strengthening, adding to the solid performance of the television networks.

Company Profile

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), 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.

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SOURCE TV Azteca, S.A.B. de C.V.

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