Grupo Salinas facts for kids
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| Mexican conglomerate | |
| Industry | Sports, automobiles, internet |
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Area served
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Mexico |
Grupo Salinas is a big group of Mexican companies that work together. It was created in 2001. This group includes well-known companies like TV Azteca, Grupo Elektra, Mazatlán F.C., Telecosmo, and Italika. Each of these companies runs its own business. They have their own leaders and teams.
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The Story of Grupo Salinas
The journey of Grupo Salinas began a long time ago. It started with a store called "Salinas y Rocha." This store was founded in 1906 in a city called Monterrey.
How Elektra Grew
In 1950, a company named Grupo Elektra started. It began by making radios. Just two years later, in 1952, Elektra began making television sets. The company grew quickly, hiring 70 employees.
By 1954, Elektra started selling its products directly to people. In 1957, Elektra stores began offering credit programs. This made it easier for customers to buy things. By 1968, Elektra had 12 stores. By 1987, this number grew to 59 stores. In 1993, Grupo Elektra became a public company. Its shares were listed on the Bolsa Mexicana de Valores, which is Mexico's stock exchange.
TV Azteca Joins the Group
In 1993, Grupo Elektra bought a government TV network called Imevisión. They changed its name to TV Azteca. TV Azteca also became a public company in 1997. Its shares were sold on stock exchanges in Mexico and New York.
Expanding into New Areas
In 2003, Grupo Salinas bought two telecommunications companies. These were Iusacell and Unefón, which offered mobile phone services. Later, in 2014, Iusacell was sold to AT&T. It was then renamed AT&T Mexico. Unefón was also sold to AT&T Mexico.
In March 2019, Grupo Salinas invested in a company called OneWeb. OneWeb is working on something exciting. They are building a network of satellites in space. These satellites will provide internet services to people around the world. This investment helped OneWeb raise a lot of money. It helped them build their system after a successful first launch.
See also
- Hugo Salinas Price
- Ricardo Salinas Pliego
