Grupo Salinas companies see strong performance in 2010

- Wednesday, January 5, 2011

Grupo Salinas companies see strong performance in 2010

Mexican conglomerate Grupo Salinas' portfolio of companies posted strong operating and financial performances in 2010, including its telecoms company Iusacell and broadcast company TV Azteca, according to a press release from the company.

Last year, Iusacell installed its high-speed GSM/HSPA+ network throughout the country. The GSM network will add to its CDMA network, which hosts thousands of users. The telecoms operator also saw strong smartphone sales, the parent company said without providing hard figures.

TV Azteca strengthened its programming grids and during 2010 garnered 40% full-day commercial audience share. According to Grupo Salinas, TV Azteca's US subsidiary, Aztec America, recorded strong revenue due to advertiser preference. It expanded Ebitda as a result of cost controls.

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TV Azteca is one of the world's two largest Spanish-language television program producers, while Grupo Iusacell was the first nationwide provider of 3G mobile services in Mexico.

Grupo Salinas - founded by Mexican entrepreneur Ricardo Salinas - also owns companies such as Banco Azteca and financial services firm Grupo Elektra.