Mexico to auction bulk of sat interests

MEXICO CITY — Mexico will auction off a majority interest in most of its satellite operations by October, the government announced.

The Communications and Transport Secretariat (SCT) held a press conference Monday to unveil the details of the widely anticipated sale. The government will sell up to 75% of the shares in Satelites Mexicanos (Satmex), the recently created company which owns Mexico’s three satellites currently in operation.

Satmex’s holdings also include the concessions for positions on the satellites as well as the rights to operate a public telecommunications network. The system currently generates revenue of about $110 million.

More TV

  • Chris MatthewsTime 100 Gala, New York,

    Female Staffer Who Accused Chris Matthews of Sexual Harassment Received Severance from NBC

    MEXICO CITY — Mexico will auction off a majority interest in most of its satellite operations by October, the government announced. The Communications and Transport Secretariat (SCT) held a press conference Monday to unveil the details of the widely anticipated sale. The government will sell up to 75% of the shares in Satelites Mexicanos (Satmex), […]

  • SATURDAY NIGHT LIVE -- Episode 1734

    'SNL': Alec Baldwin's Donald Trump Declares 'The War on Christmas Is Over' (Watch)

    MEXICO CITY — Mexico will auction off a majority interest in most of its satellite operations by October, the government announced. The Communications and Transport Secretariat (SCT) held a press conference Monday to unveil the details of the widely anticipated sale. The government will sell up to 75% of the shares in Satelites Mexicanos (Satmex), […]

  • HBO Documentary President Sheila Nevins Stepping

    HBO Documentary President Sheila Nevins Stepping Down

    MEXICO CITY — Mexico will auction off a majority interest in most of its satellite operations by October, the government announced. The Communications and Transport Secretariat (SCT) held a press conference Monday to unveil the details of the widely anticipated sale. The government will sell up to 75% of the shares in Satelites Mexicanos (Satmex), […]

  • Disney-Fox Deal Sets Up Scramble for

    Disney-Fox Deal Unleashes Flood of Free-Agent Executives, Talent

    MEXICO CITY — Mexico will auction off a majority interest in most of its satellite operations by October, the government announced. The Communications and Transport Secretariat (SCT) held a press conference Monday to unveil the details of the widely anticipated sale. The government will sell up to 75% of the shares in Satelites Mexicanos (Satmex), […]

  • Morgan Spurlock Sexual Misconduct

    Morgan Spurlock's TNT Series 'Who Rules the World' Halts Production

    MEXICO CITY — Mexico will auction off a majority interest in most of its satellite operations by October, the government announced. The Communications and Transport Secretariat (SCT) held a press conference Monday to unveil the details of the widely anticipated sale. The government will sell up to 75% of the shares in Satelites Mexicanos (Satmex), […]

  • George Clooney Matt Charman

    Watergate Series in the Works at Netflix From George Clooney, Matt Charman

    MEXICO CITY — Mexico will auction off a majority interest in most of its satellite operations by October, the government announced. The Communications and Transport Secretariat (SCT) held a press conference Monday to unveil the details of the widely anticipated sale. The government will sell up to 75% of the shares in Satelites Mexicanos (Satmex), […]

More From Our Brands

Access exclusive content