The new entity, Aguilas, shares the popular name for Televisa's Mexican soccer club. It will start trading with the ticker symbol AGUILAS.CPOs on Feb. 20.

Grupo Televisa, Mexico's largest broadcaster, announced in 2022 it would spin-off its sports and gaming operations to consolidate itself as a telecoms and cable company.

The new company will offer 340.6 billion shares, the stock exchange said.

Mexican conglomerate Alfa has also moved to simplify its structure and cut debt by spinning off its telecommunications subsidiary last year.

(Reporting by Valentine Hilaire; Editing by Richard Chang)