Mexico's Televisa plans $450m network upgrade 

(MENAFN) The Chief Executive Officer at Grupo Televisa SA said that the company is planning to spend $450 million to upgrade its Mexico City cable network, improving Web speeds to win more Internet clients, Reuters reported.

The investment will occur over a three-year period, the CEO said in an interview. The spending would help the Empresas Cablevision SAB unit reach a million more potential customers by 2012, a 67 percent increase, he said.

Cablevision will replenish its network with fiber-optic lines to offer service at speeds as fast as 6 megabits a second, he said. That is 50 percent faster than the top speed advertised by Telefonos de Mexico SAB (Telmex).

Mexico City-based Cablevision had about 112,000 phone customers at the end of September, almost triple its total from a year earlier. The company's parent is the largest Spanish- language broadcaster in the world.