TV Azteca, S.A.B. de C.V. announced that the plenary session of the Federal Institute of Telecommunications (IFT in Spanish) notified it the approval to renew the concessions of TV Azteca television channels for a period of 20 years, effective as of January 1, 2022.
The decision of the Federal Institute of Telecommunications grants the extensions of the concessions of the 178 television channels to TV Azteca with which the national networks Azteca uno and Azteca 7 operate, as well as the concession of Televisora del Valle de México, S.A.P.I. de C.V., which broadcasts the adn40 signal.
TV Azteca requested on May 23 of this year that the IFT extend its concessions, in compliance with the Federal Telecommunications and Broadcasting Law, within the year prior to the start of the last fifth part of the duration of the concessions, which are valid until December 31, 2021.
In the short term, TV Azteca will make the payment, which according to the resolution, as of July 2018, amounts to a total of $3,880.8 million pesos, which will be updated as of the date of payment, according to the article 17-A of the Fiscal Code of Mexico.
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