UPDATE 1-Mexico's Satmex says offers were below $500 mln

(Reuters) - Satmex, short for Satelites Mexicanos, decided to put
itself up for sale after a long debt restructuring, but said on
Friday it was suspending the sale because offers came in below
its expectations.




"The reference price that had been mentioned was $500
million," Cisneros told Reuters by telephone. "The figures were
close, but they didn't reach the 500, and not reaching 500
meant it wasn't possible to go forward."


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