Exhibit 8.1

Grupo Televisa, S.A.B.

Subsidiaries, Joint Ventures, Associates, and Equity Financial Instruments.

as of December 31, 2014



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|Name of Company                                                  |  | Country of Incorporation
|Alektis Consultores, S. de R.L. de C.V.                          |  | Mexico                  
|TVU Enterprises, Inc.                                            |  | United States of America
|Bay City Television, Inc.                                        |  | United States of America
|ET Publishing International, LLC                                 |  | United States of America
|Sunny Isle, LLC                                                  |  | United States of America
|Saral Publications, Inc.                                         |  | United States of America
|Televisa Internacional, LLC                                      |  | United States of America
|Televisa International Marketing Group, Inc. (1)                 |  | United States of America
|Televisa USA Development, LLC                                    |  | United States of America
|Aryadeba, S.A.P.I. de C.V. (1)                                   |  | Mexico                  
|Grupo Mapsani, S.A. de C.V. (1)                                  |  | Mexico                  
|Borealis Comunicación, S.A. de C.V.                              |  | Mexico                  
|Atlántico Global, S.A. de C.V. (1)                               |  | Mexico                  
|Qubitic, S.A. de C.V.                                            |  | Mexico                  
|Trivento CC, S.A. de C.V. (1)                                    |  | Mexico                  
|Cable y Comunicación de Morelia, S.A. de C.V.                    |  | Mexico                  
|Cablemas Holdings, S.A. de C.V.                                  |  | Mexico                  
|Cablemás Telecomunicaciones, S.A. de C.V.                        |  | Mexico                  
|Cablemás International Telecomm, LLC (1)                         |  | United States of America
|Equipos e Insumos de Telecomunicaciones, S.A. de C.V.            |  | Mexico                  
|Consorcio Nekeas, S.A. de C.V. (5)                               |  | Mexico                  
|Audiomaster 3000, S.A. de C.V. (1)                               |  | Mexico                  
|Cable y Comunicación de Campeche, S.A. de C.V.                   |  | Mexico                  
|CCC Tecno Equipos, S.A. de C.V.                                  |  | Mexico                  
|CM Equipos y Soportes, S.A. de C.V.                              |  | Mexico                  
|Constructora Cablemás, S.A. de C.V.                              |  | Mexico                  
|Contenido Plus, S.A. de C.V.                                     |  | Mexico                  
|Desarrollo OTT, S.A. de C.V.                                     |  | Mexico                  
|OTT Pacífico, S.A.                                               |  | Panama                  
|Plataforma OTT, S.A. de C.V.                                     |  | Mexico                  
|OTT Latino, S.A. de C.V.                                         |  | Mexico                  
|CVQ Espectáculos, S.A. de C.V.                                   |  | Mexico                  
|Club de Fútbol América, S.A. de C.V.                             |  | Mexico                  
|Real San Luis F.C., S.A. de C.V.                                 |  | Mexico                  
|Teatro de los Insurgentes, S.A. de C.V.                          |  | Mexico                  
|Televisa en Vivo, S.A. de C.V.                                   |  | Mexico                  
|Torali, S.A. de C.V. (1)                                         |  | Mexico                  
|Videocine, S.A. de C.V.                                          |  | Mexico                  
|Coyoacán Films, S.A. de C.V. (*)                                 |  | Mexico                  
|Pantelion, LLC                                                   |  | United States of America
|CVQ Series, S.A. de C.V. (1)                                     |  | Mexico                  
|Editorial Clío, Libros y Videos, S.A. de C.V. and subsidiary (*) |  | Mexico                  
|En Vivo Espectáculos, S. de R.L. de C.V. (1)                     |  | Mexico                  
|Fútbol del Distrito Federal, S.A. de C.V.                        |  | Mexico                  
|Grupo Comunicación y Esfuerzo Comercial, S.A. de C.V. (1)        |  | Mexico                  
|Gyali, S.A. de C.V.                                              |  | Mexico                  



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|Name of Company                                             |  | Country of Incorporation
|Inmobiliaria Cablemás, S.A. de C.V.                         |  | Mexico                  
|Tedicom, S.A.de C.V.                                        |  | Mexico                  
|Bekyc Apoyo y Servicios de Ventas, S.A. de C.V.             |  | Mexico                  
|Delft Prestadora de Servicios Técnicos, S.A. de C.V.        |  | Mexico                  
|Servicios Administrativos Kybeca, S.A de C.V.               |  | Mexico                  
|Ollin VFX, S.A.P.I. de C.V. and subsidiary (*)              |  | Mexico                  
|Ollin VFX Servicios, S.A. de C.V. (*)                       |  | Mexico                  
|Operadora Dos Mil, S.A. de C.V. (1)                         |  | Mexico                  
|Productora Contadero, S.A. de C.V. (*) (1)                  |  | Mexico                  
|Promo-Certamen, S.A. de C.V.                                |  | Mexico                  
|Televisa Music Publishing, S.A. de C.V.                     |  | Mexico                  
|Corporativo Vasco de Quiroga, S.A. de C.V.                  |  | Mexico                  
|Alvafig, S.A. de C.V.                                       |  | Mexico                  
|Arretis, S.A.P.I. de C.V.                                   |  | Mexico                  
|Tenedora Ares, S.A.P.I. de C.V.                             |  | Mexico                  
|Grupo Cable TV, S.A. de C.V.                                |  | Mexico                  
|Cable Administradora, S.A. de C.V.                          |  | Mexico                  
|Grupo Cable Asesores, S.A. de C.V.                          |  | Mexico                  
|Consorcio TL de Pachuca, S.A. de C.V.                       |  | Mexico                  
|Cable Servicios Corporativos, S.A. de C.V.                  |  | Mexico                  
|TV Cable de Provincia, S.A. de C.V.                         |  | Mexico                  
|Grupo Cable TV de San Luis Potosí, S.A. de C.V.             |  | Mexico                  
|México Red de Telecomunicaciones, S. de R.L. de C.V.        |  | Mexico                  
|Corp MR II, S. de R.L. de C.V.                              |  | Mexico                  
|Metrored Telecom Services Inc.                              |  | United States of America
|Tele Azteca, S.A. de C.V.                                   |  | Mexico                  
|Tele Cable de Apizaco, S.A. de C.V.                         |  | Mexico                  
|Tele Cable de La Barca, S.A. de C.V.                        |  | Mexico                  
|Tele Cable del Estado de México, S.A. de C.V.               |  | Mexico                  
|Televicable del Centro, S.A. de C.V.                        |  | Mexico                  
|Televicable Regional, S.A. de C.V.                          |  | Mexico                  
|Televisión por Cable de Tabasco, S.A. de C.V.               |  | Mexico                  
|TIN, S.A. de C.V.                                           |  | Mexico                  
|Tlaxcable, S.A. de C.V.                                     |  | Mexico                  
|TV Cable de Oriente, S.A. de C.V.                           |  | Mexico                  
|TVI del Centro, S.A. de C.V.                                |  | Mexico                  
|TVI del Nacional, S.A. de C.V.                              |  | Mexico                  
|Cable TV Internacional, S.A. de C.V.                        |  | Mexico                  
|Televisión Internacional, S.A. de C.V.                      |  | Mexico                  
|CV Comunicaciones, S.A. de C.V.                             |  | Mexico                  
|CV Telecomunicaciones del Norte, S.A. de C.V.               |  | Mexico                  
|Grupo Servicomunicación, S.A. de C.V.                       |  | Mexico                  
|Multibip, S.A. de C.V.                                      |  | Mexico                  
|R.H. Servicios Administrativos, S.A. de C.V.                |  | Mexico                  
|R.H. Servicios Ejecutivos, S.A. de C.V.                     |  | Mexico                  
|Servicios Telum, S.A. de C.V.                               |  | Mexico                  
|Sintonia Fina, S.A. de C.V.                                 |  | Mexico                  
|Técnica Avanzada en Cableados, S.A. de C.V.                 |  | Mexico                  
|Telum, S.A. de C.V.                                         |  | Mexico                  
|Cable Sistema de Victoria, S.A. de C.V.                     |  | Mexico                  
|Comunicable, S.A. de C.V. (*)                               |  | Mexico                  
|Comunicable de Valle Hermoso, S.A. de C.V. (*)              |  | Mexico                  
|Telecable de Matehuala, S.A. de C.V. (*)                    |  | Mexico                  
|Detema, S.A. de C.V. (*)                                    |  | Mexico                  
|GSF Telecom Holdings, S.A.P.I. de C.V. and subsidiaries (4) |  | Mexico                  
|Marcas y Desarrollos, S.A. de C.V. (*) (1)                  |  | Mexico                  
|Operadora de Redes, S.A. de C.V. (*) (1)                    |  | Mexico                  
|DTH Europa, S.A.                                            |  | Spain                   



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|Name of Company                                                                    |  | Country of Incorporation
|Editora Factum, S.A. de C.V.                                                       |  | Mexico                  
|Digital TV, S.A. de C.V. (1) (2)                                                   |  | Mexico                  
|Empresas Cablevisión, S.A.B. de C.V.                                               |  | Mexico                  
|Milar, S.A. de C.V.                                                                |  | Mexico                  
|Cablebox, S.A. de C.V.                                                             |  | Mexico                  
|Cablestar, S.A. de C.V.                                                            |  | Mexico                  
|Bestel USA, Inc.                                                                   |  | United States of America
|Letobes, S.A. de C.V. (1)                                                          |  | Mexico                  
|Letseb, S.A. de C.V.                                                               |  | Mexico                  
|Bestphone, S.A. de C.V.                                                            |  | Mexico                  
|Operbes, S.A. de C.V.                                                              |  | Mexico                  
|Servicios Letseb, S.A. de C.V.                                                     |  | Mexico                  
|Servicios Operbes, S.A. de C.V.                                                    |  | Mexico                  
|Cablevisión, S.A. de C.V.                                                          |  | Mexico                  
|Tercera Mirada, S.A. de C.V.                                                       |  | Mexico                  
|Estudio Sevilla 613, S.A. de C.V.                                                  |  | Mexico                  
|Grupo Mexicano de Cable, S.A. de C.V.                                              |  | Mexico                  
|Integravisión de Occidente, S.A. de C.V.                                           |  | Mexico                  
|Servicios Cablevisión, S.A. de C.V.                                                |  | Mexico                  
|Servicios Técnicos Cablevisión, S.A. de C.V.                                       |  | Mexico                  
|Tecnicable, S.A. de C.V.                                                           |  | Mexico                  
|Blecanicet, S.A. de C.V.                                                           |  | Mexico                  
|Telestar del Pacífico, S.A. de C.V.                                                |  | Mexico                  
|Grupo de Telecomunicaciones de Alta Capacidad, S.A.P.I. de C.V. and subsidiary (*) |  | Mexico                  
|Editorial Televisa, S.A. de C.V.                                                   |  | Mexico                  
|Auto Rent Acuario, S. de R.L. de C.V.                                              |  | Mexico                  
|Editorial Atlántida, S.A.                                                          |  | Argentina               
|Atlántida Chile, S.A. (1)                                                          |  | Chile                   
|Atlántida Digital, S.A.                                                            |  | Argentina               
|Desarrollos del Atlántico, S.A.                                                    |  | Argentina               
|Dewal, S.A.                                                                        |  | Uruguay                 
|Ediciones Paparazzi, S.A.                                                          |  | Argentina               
|Editorial Atlántida Uruguay, S.R.L.                                                |  | Uruguay                 
|Feria Puro Diseño, S.A.                                                            |  | Argentina               
|Editorial Gente Televisa, S.A. de C.V.                                             |  | Mexico                  
|Editorial GyJ Televisa, S.A. de C.V.                                               |  | Mexico                  
|Editorial Motorpress-Televisa, S.A. de C.V.                                        |  | Mexico                  
|Editorial Televisa Argentina, S.A.                                                 |  | Argentina               
|Editorial Televisa Chile, S.A.                                                     |  | Chile                   
|Editorial Televisa Colombia, S.A.                                                  |  | Colombia                
|Editorial Televisa Colombia Cultural, S.A.                                         |  | Colombia                
|Distribuidoras Unidas, S.A.                                                        |  | Colombia                
|Editorial C&P S.A.S.                                                               |  | Colombia                
|Editorial Televisa International, S.A.                                             |  | Mexico                  
|Editorial Televisa Perú, S.A.                                                      |  | Peru                    
|Editorial Televisa Puerto Rico, Inc.                                               |  | Puerto Rico             
|Editorial Televisa Venezuela, S.A.                                                 |  | Venezuela               
|Vanipubli Ecuatoriana, S.A.                                                        |  | Ecuador                 
|VeneTel Servicios Publicitarios, S.A.                                              |  | Venezuela               
|Factum Más, S.A. de C.V.                                                           |  | Mexico                  
|Sky DTH, S.A. de C.V.                                                              |  | Mexico                  
|Innova Holdings, S. de R.L. de C.V.                                                |  | Mexico                  
|Innova, S. de R.L. de C.V.                                                         |  | Mexico                  
|Corporación Novaimagen, S. de R.L. de C.V.                                         |  | Mexico                  



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|Name of Company                                                                                  |  | Country of Incorporation
|Corporación Novavisión, S. de R.L. de C.V.                                                       |  | Mexico                  
|Novavision Group, Inc.                                                                           |  | United States of America
|Novavisión Honduras, S.A.                                                                        |  | Honduras                
|Novavisión Panamá, S.A.                                                                          |  | Panama                  
|Media Visión de Panamá, S.A.                                                                     |  | Panama                  
|Ridge Manor, Inc.                                                                                |  | Panama                  
|Galaxy Nicaragua, S.A.                                                                           |  | Nicaragua               
|Servicios Directos de Satélite, S.A.                                                             |  | Costa Rica              
|Sky El Salvador, S.A. de C.V.                                                                    |  | El Salvador             
|Televisión Novavisión de Guatemala, S.A.                                                         |  | Guatemala               
|Corporación de Radio y Televisión del Norte de México, S. de R.L. de C.V.                        |  | Mexico                  
|Corporación Satelital Novavisión Dominicana, S.A.                                                |  | Dominican Republic      
|Innovación Sistemática y Comercial, S. de R.L. de C.V.                                           |  | Mexico                  
|Apoyo y Asesoría Cabeky, S.A. de C.V.                                                            |  | Mexico                  
|Novabox, S. de R.L. de C.V.                                                                      |  | Mexico                  
|Nova Call-Center, S. de R.L. de C.V.                                                             |  | Mexico                  
|Servicios Corporativos de Telefonía, S. de R.L. de C.V.                                          |  | Mexico                  
|Servicios Novasat, S. de R.L. de C.V.                                                            |  | Mexico                  
|Grupo Distribuidoras Intermex, S.A. de C.V.                                                      |  | Mexico                  
|Distribuidora Alfa, S.A.                                                                         |  | Chile                   
|Distribuidora Bolivariana, S.A.                                                                  |  | Peru                    
|Distribuidora de Revistas Bertrán, S.A.C.                                                        |  | Argentina               
|Intercontinental Media, S.A.                                                                     |  | Argentina               
|Distribuidora Intermex, S.A. de C.V.                                                             |  | Mexico                  
|Distribuidora Panamex, S.A.                                                                      |  | Panama                  
|Gonarmex, S.A. de C.V.                                                                           |  | Mexico                  
|Samra, S.A.                                                                                      |  | Ecuador                 
|Distribuidora Los Andes, S.A.                                                                    |  | Ecuador                 
|Grupo Legaris, S.A. de C.V.                                                                      |  | Mexico                  
|Comercio Más, S.A. de C.V.                                                                       |  | Mexico                  
|Comercial Televisa Más, S.A. de C.V.                                                             |  | Mexico                  
|Grupo Telesistema, S.A. de C.V.                                                                  |  | Mexico                  
|Altavista Sur Inmobiliaria, S.A. de C.V.                                                         |  | Mexico                  
|Argos Comunicación, S.A. de C.V. and subsidiaries (*)                                            |  | Mexico                  
|Autofun, S.A. de C.V.                                                                            |  | Mexico                  
|Corporativo TD Sports, S.A. de C.V.                                                              |  | Mexico                  
|Barra Deportiva, S.A. de C.V.                                                                    |  | Mexico                  
|Servicios Administrativos Coapa, S.A. de C.V. .                                                  |  | Mexico                  
|Encuentro Independiente, S.A. de C.V. (1)                                                        |  | Mexico                  
|G. Televisa-D, S.A. de C.V.                                                                      |  | Mexico                  
|Grupo Xquenda, Ltd. (1)                                                                          |  | Switzerland             
|Multimedia Telecom, S.A. de C.V.                                                                 |  | Mexico                  
|Broadcasting Media Partners, Inc. and subsidiaries (including Univision Communications Inc.) (*) |  | United States of America
|Comunicaciones Tieren, S.A. de C.V.                                                              |  | Mexico                  
|BMPI Services II, LLC.                                                                           |  | United States of America
|Inmobiliaria Amber, S.A. de C.V.                                                                 |  | Mexico                  
|Lab Brands International, LLC (*)                                                                |  | United States of America
|Medios y Estrategias Promocionales, S.A. de C.V.                                                 |  | Mexico                  
|Mexvisa, Ltd.                                                                                    |  | Switzerland             
|Mountrigi Management Group, Ltd.                                                                 |  | Switzerland             
|Tarrague A.G.                                                                                    |  | Switzerland             
|Multimedios Santa Fe, S.A. de C.V.                                                               |  | Mexico                  
|Iniciativa México, S.C.                                                                          |  | Mexico                  



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|Name of Company                                                      |  | Country of Incorporation
|OTT Contenidos, S.A. de C.V.                                         |  | Mexico                  
|Publicidad Virtual, S.A. de C.V.                                     |  | Mexico                  
|Tele Tips Digital, S.A. de C.V.                                      |  | Mexico                  
|Cedecom, S.A. de C.V. (*)                                            |  | Mexico                  
|Teleinmobiliaria, S. de R.L. de C.V.                                 |  | Mexico                  
|Televisa, S.A. de C.V.                                               |  | Mexico                  
|Centros de Conocimiento Tecnológico, S.A. de C.V. and subsidiary (3) |  | Mexico                  
|Endemol México, S.A. de C.V. (*)                                     |  | Mexico                  
|Espacio de Vinculación, A.C.                                         |  | Mexico                  
|T&V, S.A.S. (*)                                                      |  | France                  
|Televisa Consumer Products USA, LLC                                  |  | United States of America
|Televisa Transmedia, S.A. de C.V. (1)                                |  | Mexico                  
|Televisión Independiente de México, S.A. de C.V.                     |  | Mexico                  
|Baluarte Bienes Raices, S.A. de C.V.                                 |  | Mexico                  
|Canal XXI, S.A. de C.V.                                              |  | Mexico                  
|Canales de Televisión Populares, S.A. de C.V.                        |  | Mexico                  
|Desarrollo Milaz, S.A. de C.V.                                       |  | Mexico                  
|Radio Televisión, S.A. de C.V.                                       |  | Mexico                  
|Radiotelevisora de México Norte, S.A. de C.V.                        |  | Mexico                  
|T.V. de los Mochis, S.A. de C.V.                                     |  | Mexico                  
|Teleimagen del Noroeste, S.A. de C.V.                                |  | Mexico                  
|Telemercado Alameda, S. de R.L. de C.V. (*) (1)                      |  | Mexico                  
|Televimex, S.A. de C.V.                                              |  | Mexico                  
|Televisión de Puebla, S.A. de C.V.                                   |  | Mexico                  
|Televisora de Mexicali, S.A. de C.V.                                 |  | Mexico                  
|Televisora de Navojoa, S.A.                                          |  | Mexico                  
|Televisora de Occidente, S.A. de C.V.                                |  | Mexico                  
|Televisora del Yaqui, S.A. de C.V. (*)                               |  | Mexico                  
|Televisora Peninsular, S.A. de C.V.                                  |  | Mexico                  
|Terma, S.A. de C.V.                                                  |  | Mexico                  
|Unisat Mexicana, S.A. de C.V. (1)                                    |  | Mexico                  
|Imagina Media Audiovisual, S.L. and subsidiaries (3)                 |  | Spain                   
|Kapa Capital, S.A. de C.V.                                           |  | Mexico                  
|Kasitum, S.A. de C.V.                                                |  | Mexico                  
|Grupo Nueva Comercial TB, S.A. de C.V.                               |  | Mexico                  
|Metrópoli VIP, S.A. de C.V. (1)                                      |  | Mexico                  
|Miracle, TV Corporation (1)                                          |  | United States of America
|Multimedia CTI, S.A. de C.V.                                         |  | Mexico                  
|Profesionales en Ventas y Mercadeo, S.A. de C.V.                     |  | Mexico                  
|Promo-Industrias Metropolitanas, S.A. de C.V.                        |  | Mexico                  
|Comunicaciones Kapa, S.A. de C.V.                                    |  | Mexico                  
|Telestar de Occidente, S.A. de C.V.                                  |  | Mexico                  
|San Ángel Telecom, S.A. de C.V.                                      |  | Mexico                  
|Servicios Administrativos Cablemás, S.A. de C.V.                     |  | Mexico                  
|Sistema Radiópolis, S.A. de C.V.                                     |  | Mexico                  
|Cadena Radiodifusora Mexicana, S.A. de C.V.                          |  | Mexico                  
|Radio Melodía, S.A. de C.V.                                          |  | Mexico                  
|Radio Tapatía, S.A. de C.V.                                          |  | Mexico                  
|XEZZ, S.A. de C.V.                                                   |  | Mexico                  
|Servicios XEZZ, S.A. de C.V.                                         |  | Mexico                  



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|Name of Company                                          |  | Country of Incorporation
|Radio Comerciales, S.A. de C.V.                          |  | Mexico                  
|Radiotelevisora de Mexicali, S.A. de C.V.                |  | Mexico                  
|Servicios Radiópolis, S.A. de C.V.                       |  | Mexico                  
|Sumant, S.A. de C.V. (1)                                 |  | Mexico                  
|Teleparábolas, S.L.                                      |  | Spain                   
|Telesistema Mexicano, S.A. de C.V. (2)                   |  | Mexico                  
|Imagen y Talento Internacional, S.A. de C.V.             |  | Mexico                  
|Televisa Argentina, S.A. (2)                             |  | Argentina               
|Televisa Entretenimiento, S.A. de C.V.                   |  | Mexico                  
|Ocesa Entretenimiento, S.A. de C.V. and subsidiaries (*) |  | Mexico                  
|Televisa Juegos, S.A. de C.V.                            |  | Mexico                  
|Apuestas Internacionales, S.A. de C.V.                   |  | Mexico                  
|Magical Entertainment, S. de R.L. de C.V.                |  | Mexico                  
|TV Transmisiones de Chihuahua, S.A. de C.V.              |  | Mexico                  
|Apoyo Telefónico Cablemás, S.A. de C.V.                  |  | Mexico                  
|Construcciones Megapo de Acapulco, S.A. de C.V.          |  | Mexico                  
|Cuernamú, S.A. de C.V.                                   |  | Mexico                  
|Mega Com-M Servicios, S.A. de C.V.                       |  | Mexico                  
|Ulvik, S.A. de C.V.                                      |  | Mexico                  
|Cadena de las Américas, S.A. de C.V.                     |  | Mexico                  
|Comunicaciones Sevitel, S.A. de C.V.                     |  | Mexico                  
|Corporación Más, S.A. de C.V.                            |  | Mexico                  
|Corporatel, S.A. de C.V.                                 |  | Mexico                  
|Desarrollo Vista Hermosa, S.A. de C.V.                   |  | Mexico                  
|ECO Producciones, S.A. de C.V.                           |  | Mexico                  
|Empresas Baluarte, S.A. de C.V.                          |  | Mexico                  
|Grupo Administrativo Tijuana, S.A. de C.V.               |  | Mexico                  
|Intellectus Comunicación, S.C.                           |  | Mexico                  
|Intellectus Creativo, S.C.                               |  | Mexico                  
|Intellectus Producción, S.C.                             |  | Mexico                  
|Intellectus RH, S.C.                                     |  | Mexico                  
|Intellectus Técnico, S.C.                                |  | Mexico                  
|Jana Talento, S.A. de C.V. (1)                           |  | Mexico                  
|Plataforma Digital, S.A. de C.V. (1)                     |  | Mexico                  
|Sattora, S.A. de C.V.                                    |  | Mexico                  
|Servicios Deportivos Amec, S.A. de C.V.                  |  | Mexico                  
|Servicios Deportivos Luportas, S.A. de C.V.              |  | Mexico                  
|Servicios Deportivos Nexa, S.A. de C.V.                  |  | Mexico                  
|Servicios Deportivos Salu, S.A. de C.V.                  |  | Mexico                  
|Servicios Sateve, S.A. de C.V.                           |  | Mexico                  
|Televisa Corporación, S.A. de C.V.                       |  | Mexico                  
|Televisa Producciones, S.A. de C.V.                      |  | Mexico                  
|Televisa Talento, S.A. de C.V.                           |  | Mexico                  
|Televisat, S.A. de C.V.                                  |  | Mexico                  
|Transmisiones Nacionales de Televisión, S.A. de C.V.     |  | Mexico                  
|TV Conceptos, S.A. de C.V.                               |  | Mexico                  



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---

|                                                              |  |                         
|------------------------------------------------------------- |  | ------------------------
|Name of Company                                               |  | Country of Incorporation
|Villacezán, S.A. de C.V.                                      |  | Mexico                  
|Aquitania Consultores Industriales, S.A. de C.V.              |  | Mexico                  
|Coisa, Consultores Industriales, S.A. de C.V.                 |  | Mexico                  
|Corporativo Bosque de Acacias, S.A. de C.V. (1)               |  | Mexico                  
|Corporativo Lazaretto, S.A. de C.V.                           |  | Mexico                  
|Galavisión DTH, S. de R.L. de C.V. (5)                        |  | Mexico                  
|DTH México, S.A. de C.V. (1)                                  |  | Mexico                  
|Lomas Consultores Administrativos, S.A. de C.V.               |  | Mexico                  
|Mednet, S.A. de C.V. (*) (2)                                  |  | Mexico                  
|Raspafácil, S.A. de C.V.                                      |  | Mexico                  
|Servicios Administrativos Profesionales Bosques, S.A. de C.V. |  | Mexico                  
|Corporación Kante, S.A. de C.V.                               |  | Mexico                  
|Corporativo Bosque de Canelos, S.A. de C.V. (1)               |  | Mexico                  
|Truxillos Publicidad, S.A. de C.V. (1)                        |  | Mexico                  



|(*) | Joint venture or associate.
|--- | ---------------------------

|(1) | Without current operations.
|--- | ---------------------------

|(2) | In process of liquidation.
|--- | --------------------------

|(3) | Equity financial instrument.
|--- | ----------------------------

|(4) | Joint venture through September 2014. Proceeds from the disposal of this investment were received in January 2015.
|--- | ------------------------------------------------------------------------------------------------------------------

|(5) | In January 2015, this subsidiary was merged into TTelecom H, S.A.P.I. de C.V. a wholly-owned subsidiary of the Company, in connection with the acquisition of Cablevision Red, S.A. de C.V. (Telecable) a
telecommunications company.
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



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