FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
OF THE SECURITIES EXCHANGE ACT OF 1934
For the month of January 2004
Commission File Number 3337776
TV Azteca, S.A. de C.V.
(Translation of registrant's name into English)
Periferico Sur, No. 4121, Col. Fuentes del Pedregal, 14141 Mexico D.F., Mexico
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F.
Form 20-F [X] Form 40-F [ ]
Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(1): ____
NOTE: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a
Form 6-K if submitted solely to provide an attached annual report to security
holders.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7): ____
NOTE: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a
Form 6-K if submitted to furnish a report or other document that the registrant
foreign private issuer must furnish and make public under the laws of the
jurisdiction in which the registrant is incorporated, domiciled or legally
organized (the registrant's "home country"), or under the rules of the home
country exchange on which the registrant's securities are traded, as long as the
report or other document is not a press release, is not required to be and has
not been distributed to the registrant's security holders, and, if discussing a
material event, has already been the subject of a Form 6-K submission or other
Commission filing on EDGAR.
Indicate by check mark whether by furnishing the information contained in this
Form, the registrant is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes [ ] No [X]
If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b):82- ________
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
TV AZTECA, S.A. DE C.V.
(Registrant)
Date: January 9, 2004
By: /S/ FRANCISCO XAVIER BORREGO HINOJOSA
------------------------------------------
Name: Francisco Xavier Borrego Hinojosa
Title: General Counsel
[TV AZETCA LOGO]
ADDITIONAL INFORMATION REGARDING UNEFON DEBT TRANSACTIONS
FOR IMMEDIATE RELEASE
---------------------
MEXICO CITY, JANUARY 9, 2004--TV Azteca, S.A. de C.V. (NYSE: TZA; BMV:
TVAZTCA), one of the two largest producers of Spanish language television
programming in the world, has announced, in relation to recent unusual stock
price movements and trading volume, that Unefon, S.A. de C.V. provided this
morning the following information:
ON JUNE 16TH, 2003, ITS MAIN SUBSIDIARY OPERADORA UNEFON, S.A. DE C.V.
("UNEFON") AND CODISCO INVESTMENTS LLC ("CODISCO"), AN ENTITY
CONSTITUTED IN THE UNITED STATES, REACHED AN AGREEMENT WITH NORTEL
NETWORKS LIMITED ("NORTEL") TO ACQUIRE UNEFON`S OUTSTANDING DEBT WITH
NORTEL FOR US$150 MILLION. GIVEN THAT UNEFON, ON A STAND ALONE BASIS,
DID NOT HAVE SUFFICIENT FUNDS TO ACQUIRE THE ENTIRETY OF THE DEBT,
UNEFON AND CODISCO FUNDED US$43 MILLION AND US$107 MILLION,
RESPECTIVELY, SHARING SIMILAR CONDITIONS IN THIS TRANSACTION. IN THE
CONTRACT WHICH FORMALIZED THE PURCHASE OF THE DEBT, NORTEL ESTABLISHED
THAT THE DEBT COULD NOT BE SOLD TO A NON-RELATED PARTY WITHOUT NORTEL'S
EXPRESS CONSENT.
RICARDO SALINAS PLIEGO, CHAIRMAN OF TV AZTECA, S.A. DE C.V. (NYSE: TZA,
BMV: TVAZTCA) AND MOISES SABA MASRI, CHAIRMAN OF UNEFON, EACH
INDIRECTLY OWNED 50% OF CODISCO.
IN SEPTEMBER 2003, UNEFON SIGNED A SERVICE CONTRACT TO PROVIDE CAPACITY
TO AN UNAFFILIATED THIRD PARTY AND RECEIVED US$268 MILLION SUBJECT TO
SUCH CONTRACT. UNEFON, AS IT WAS CONTRACTUALLY OBLIGATED TO DO, USED
THESE FUNDS IN ADDITION TO FUNDS FROM OPERATIONS AND SHORT-TERM CREDITS
TO PAY OFF THE US$325 MILLION IN DEBT. WITH THIS PAYMENT, ALL OF
UNEFON`S ASSETS WHICH HAD BEEN COLLATERALIZING THE LOAN WERE RELEASED.
Unefon is a company in which Unefon Holdings, S.A. de C.V. ("Unefon Holdings"),
a company recently spun off from TV Azteca, holds an equity participation of
46.5%.
This description of the transactions is being furnished in advance of the
completion of a review that is being carried out by the independent members of
the Board of Directors of TV Azteca, with the assistance of MUNGER TOLLES &
OLSON, special counsel of the independent directors. This review will continue
as informed by the company on January 7.
COMPANY PROFILE
---------------
TV Azteca is one of the two largest producers of Spanish language
television programming in the world, operating two national television networks
in Mexico, Azteca 13 and Azteca 7, through more than 300 owned and operated
stations across the country. TV Azteca affiliates include Azteca America
Network, a new broadcast television network focused on the rapidly growing US
Hispanic market, and Todito.com, an Internet portal for North American Spanish
speakers.
EXCEPT FOR HISTORICAL INFORMATION, THE MATTERS DISCUSSED IN THIS PRESS
RELEASE ARE FORWARD-LOOKING STATEMENTS AND ARE SUBJECT TO CERTAIN RISKS AND
UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE
PROJECTED. RISKS THAT MAY AFFECT TV AZTECA ARE IDENTIFIED IN ITS FORM 20-F AND
OTHER FILINGS WITH THE US SECURITIES AND EXCHANGE COMMISSION.
INVESTOR RELATIONS:
Bruno Rangel Omar Avila
5255 3099 9167 5255 3099 0041
jrangelk@tvazteca.com.mx oavila@tvazteca.com.mx
MEDIA RELATIONS:
Tristan Canales Daniel McCosh
5255 ?3099 ?5786 5255 3099 0059
tcanales@tvazteca.com.mx dmccosh@tvazteca.com.mx
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