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Financial Instruments (Tables) | 12 Months Ended
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Dec. 31, 2024
Investments in Financial Instruments |
Schedule of carrying value and estimated fair value of financial instruments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2024 | ​ | 2023
​ |  | Carrying Amount |  | Fair Value |  | Carrying Amount |  | Fair Value
Assets: |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​
Cash and cash equivalents | ​ | Ps. | 46,193,173 | ​ | Ps. | 46,193,173 | ​ | Ps. | 32,586,352 | ​ | Ps. | 32,586,352
Trade accounts receivable, net |  | ​ | 6,175,819 |  | ​ | 6,175,819 |  | ​ | 8,131,458 |  | ​ | 8,131,458
Long-term loan and interest receivable from GTAC (see Note 10) |  | ​ | 1,024,371 |  | ​ | 1,031,497 |  | ​ | 948,549 |  | ​ | 953,423
Open-Ended Fund (see Note 9) |  | ​ | 784,769 |  | ​ | 784,769 |  | ​ | 674,451 |  | ​ | 674,451
Publicly traded equity instruments (see Note 9) |  | ​ | 1,709,942 |  | ​ | 1,709,942 |  | ​ | 1,912,150 |  | ​ | 1,912,150
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Liabilities: |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​
Senior Notes due 2025, 2032 and 2040 |  | Ps. | 23,361,664 |  | Ps. | 22,806,032 |  | Ps. | 18,954,884 |  | Ps. | 20,432,901
Senior Notes due 2045 |  | ​ | 16,499,319 |  | ​ | 11,969,101 |  | ​ | 13,387,004 |  | ​ | 11,542,810
Senior Notes due 2037 and 2043 |  | ​ | 10,725,690 |  | ​ | 6,794,877 |  | ​ | 10,725,690 |  | ​ | 8,090,190
Senior Notes due 2026 and 2046 |  | ​ | 22,684,545 |  | ​ | 19,734,233 |  | ​ | 18,405,492 |  | ​ | 18,379,439
Senior Notes due 2049 |  | ​ | 13,792,972 |  | ​ | 10,280,454 |  | ​ | 11,191,163 |  | ​ | 10,035,228
Notes due 2027 |  | ​ | 4,500,000 |  | ​ | 4,252,725 |  | ​ | 4,500,000 |  | ​ | 4,233,150
Long-term loans payable to Mexican banks |  | ​ | 12,650,000 |  | ​ | 12,777,242 |  | ​ | 12,650,000 |  | ​ | 12,789,686
Lease liabilities | ​ | ​ | 5,386,639 | ​ | ​ | 5,454,171 | ​ | ​ | 7,291,550 | ​ | ​ | 7,334,492
Schedule of financial assets and liabilities measured at fair value | Financial assets measured at fair value as of December 31, 2024 and 2023: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ |  | Quoted Prices in |  | Internal Models |  | Internal Models
​ | ​ | Balance as of | ​ | Active Markets | ​ | with Significant | ​ | with Significant
​ | ​ | December 31, | ​ | for Identical | ​ | Observable | ​ | Unobservable
​ |  | 2024 |  | Assets (Level 1) |  | Inputs (Level 2) |  | Inputs (Level 3)
Assets: |  |  | ​ | ​ |  | ​ |  |  | ​ | ​ |  | ​
At FVOCIL: | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Open-Ended Fund | ​ | Ps. | 784,769 | ​ | Ps. | — | ​ | Ps. | 784,769 | ​ | Ps. | —
Publicly traded equity instruments | ​ | ​ | 1,709,942 | ​ | ​ | 1,709,942 | ​ | ​ | — | ​ | ​ | —
Derivative financial instruments | ​ | ​ | 2,001,051 | ​ | ​ | — | ​ | ​ | 2,001,051 | ​ | ​ | —
Total | ​ | Ps. | 4,495,762 | ​ | Ps. | 1,709,942 | ​ | Ps. | 2,785,820 | ​ | Ps. | —
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Quoted Prices in | ​ | Internal Models |  | Internal Models
​ |  | Balance as of |  | Active Markets |  | with Significant | ​ | with Significant
​ | ​ | December 31, | ​ | for Identical | ​ | Observable | ​ | Unobservable
​ |  | 2023 |  | Assets (Level 1) |  | Inputs (Level 2) |  | Inputs (Level 3)
Assets: |  |  | ​ | ​ |  | ​ |  |  | ​ | ​ |  | ​
At FVOCIL: | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Open-Ended Fund | ​ | Ps. | 674,451 | ​ | Ps. | — | ​ | Ps. | 674,451 | ​ | Ps. | —
Publicly traded equity instruments | ​ | ​ | 1,912,150 | ​ | ​ | 1,912,150 | ​ | ​ | — | ​ | ​ | —
Derivative financial instruments | ​ | ​ | 251,738 | ​ | ​ | — | ​ | ​ | 251,738 | ​ | ​ | —
Total | ​ | Ps. | 2,838,339 | ​ | Ps. | 1,912,150 | ​ | Ps. | 926,189 | ​ | Ps. | —
​
Derivatives |
Investments in Financial Instruments |
Schedule of carrying value and estimated fair value of financial instruments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ |  | Notional | ​ | ​
​ |  | ​ | ​ |  | Amount |  | ​
December 31, 2024: | ​ | Carrying | ​ | (U.S. Dollars in | ​ | ​
Derivative Financial Instruments | ​ | Amount | ​ | Thousands) | ​ | Maturity Date
Assets: |  |  | ​ | ​ |  | ​ | ​ |
Derivatives recorded as accounting hedges (cash flow hedges): |  |  | ​ | ​ |  | ​ | ​ |
Forwards (a) | ​ | Ps. | 1,975,071 | ​ | U.S.$ | 592,005 | ​ | January 2025 through January 2026
Derivatives not recorded as accounting hedges: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
TVI’s Forwards (b) | ​ | ​ | 4,408 | ​ | U.S.$ | 8,000 | ​ | January through March 2025
Empresas Cablevision’s Forwards (c) | ​ | ​ | 2,502 | ​ | U.S.$ | 4,000 | ​ | February through March 2025
Cablemás´s Forwards (d) | ​ | ​ | 2,180 | ​ | U.S.$ | 5,000 | ​ | January 2025
Sky’s Forwards (e) | ​ | ​ | 8,072 | ​ | U.S.$ | 15,000 | ​ | March 2025
Forwards (f) | ​ | ​ | 8,818 | ​ | U.S.$ | 14,000 | ​ | January through March 2025
Total assets | ​ | Ps. | 2,001,051 | ​ | ​ | ​ | ​ | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
December 31, 2023: |  | Carrying |  | Notional |  | ​
Derivative Financial Instruments |  | Amount |  | Amount |  | Maturity Date
Assets: |  |  | ​ | ​ |  | ​ | ​ |
Derivatives recorded as accounting hedges (cash flow hedges): | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest rate swaps (g) | ​ | Ps. | 251,738 | ​ | Ps. | 10,000,000 | ​ | June 2024
Total current assets | ​ | Ps. | 251,738 | ​ | ​ | ​ | ​ | ​
​
(a) | As of December 31, 2024, the Company had entered into derivative contracts of foreign currency (forwards) to fix the exchange rate for the purchase of U.S.$592 million, at an average exchange rate of Ps.18.0059. The Company has recognized the change in fair value of this transaction as an accounting hedge and recorded a cumulative income of Ps.1,857,456 for this transaction agreement in other comprehensive income or loss as of December 31, 2024. As a result of the change in fair value of these agreements in the year ended December 31, 2024, the Company recorded an income of Ps.456,559 in consolidated other finance income or expense.
(b) | As of December 31, 2024, TVI had foreign currency contracts (forwards) in the aggregate notional amount of U.S.$8 million at an average rate of Ps.20.4503. As a result of the change in fair value of these agreements in the year ended December 31, 2024, the Company recorded an income of Ps.39,791 in consolidated other finance income or expense.
(c) | As of December 31, 2024, Empresas Cablevisi ó n had foreign currency contracts (forwards) in the aggregate notional amount of U.S.$4 million at an average rate of Ps.20.4637. As a result of the change in fair value of these agreements in the year ended December 31, 2024, the Company recorded an income of Ps.36,474 in consolidated other finance income or expense.
(d) | As of December 31, 2024, Cablemás had foreign currency contracts (forwards) in the aggregate notional amount of U.S.$5 million at an average rate of Ps.20.4915. As a result of the change in fair value of these agreements in the year ended December 31, 2024, the Company recorded an income of Ps.2,181 in consolidated other finance income or expense.
(e) | As of December 31, 2024, Sky had foreign currency contracts (forwards) in the aggregate notional amount of U.S.$15 million at an average rate of Ps.20.4548. As a result of the change in fair value of these agreements in the year ended December 31, 2024, the Company recorded an income of Ps.82,065 in consolidated other finance income or expense.
(f) | As of December 31, 2024, the Company had foreign currency contracts (forwards) in the aggregate notional amount of U.S.$14 million at an average rate of Ps.20.4645. As a result of the change in fair value of these agreements, in the year ended December 31, 2024, the Company recorded an income of Ps.149,593 in consolidated other finance income or expense.
(g) | In October 2020, the Company entered into derivative transaction agreements (interest rate swaps) through June 2024, to hedge the variable interest rate exposure resulting from a Mexican peso loan of a total principal amount of Ps.10,000,000 as of December 31, 2023. Under these agreements, the Company receives monthly payments based on aggregate notional amounts of Ps.10,000,000 as of December 31, 2023, at an annual variable rate of 28 days of TIIE and makes monthly payments based on the same notional amount at an annual weighted average fixed rate of 6.7620%.The Company has recognized the change in fair value of this transaction as an accounting hedge and recorded a cumulative income of Ps.220,127 in other comprehensive income or loss as of December 31, 2023. In 2023, the Company recorded a gain of Ps.457,522 in consolidated other finance income or expense.

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