#Mexico #Mexico City #Total Play #Telecomunicaciones #Cebures

Total Play’s Recent Financial Milestone: A Ps.3 Billion Debt Issuance

Total Play Telecomunicaciones, S.A.P.I. de C.V. has made a significant announcement, revealing its issuance of Cerfificados Bursátiles (Cebures) worth Ps.3 billion. This move is seen as a strategic step to bolster the company’s financial standing and enhance working capital. The issued Cebures will mature in 1,093 days and carry an attractive interest rate of TIIE + 320 basis points.

This issuance reflects a strong confidence from the financial community in Total Play's potential to generate increasing cash flow and maintain financial stability amidst an evolving market landscape. It also highlights the company’s robust operational framework and favorable business outlook.

Understanding the Implications of the Debt Issuance

The proceeds from this issuance are earmarked to repay existing Cebures, thereby streamlining the company’s financial obligations. Additionally, the funds will serve to strengthen Total Play's working capital, facilitating enhanced operational capacity and ensuring resource availability for future expansion and growth initiatives.

Total Play is recognized in the Mexican telecommunications industry for its Triple Play services, which include internet access, pay television, and telephony—all delivered through one of the country's most extensive 100% fiber optic networks. The issuance not only reinforces the company’s strategic positioning but also showcases its commitment to technological advancement and service quality.

A Glimpse into Total Play’s Future

Founded by prominent Mexican entrepreneur Ricardo B. Salinas, Total Play has consistently aimed to establish itself as a frontrunner in delivering high-quality entertainment and communication services. The company’s initiatives focus on raising living standards and delivering technological solutions that meet the demands of its growing customer base. As Total Play continues to pursue innovative strategies, the recent financial maneuver is expected to play a pivotal role in propelling its future trajectory.

Grupo Salinas, Total Play’s parent organization, operates as a dynamic conglomerate aimed at spearheading growth through market innovation and community upliftment. This shared vision across the group accentuates the importance of sustainable business practices and corporate responsibility, ensuring that Total Play not only leads in market performance but also engages positively with its community and the environment.

Conclusion: A Strategic Move for Sustainable Growth

The issuance of Ps.3 billion in Cebures signifies more than just a financial transaction; it symbolizes Total Play's aspiration to strengthen its foundation and propel itself towards future developments in the telecommunications sector. The company’s ongoing commitment to quality service and responsiveness to market requirements remains steadfast, promising exciting prospects for its stakeholders and customers alike. For more updates on Total Play and its innovative offerings, visit Total Play’s official website.