GVT and EchoStar Plan to Create a Pay TV Joint Venture in
Brazil
Sept. 30,
2013
Vivendi and EchoStar Corp. announced
that EchoStar Technologies LLC and Vivendi subsidiary GVT have
entered into negotiations to form a joint venture for pay TV
services in
Brazil.
GVT and EchoStar aim to position their
future joint venture as a leader in the fast growing Brazilian
pay TV market which would also benefit from the expected higher
demand driven by two key global events to be held in the
country: FIFA World Cup in 2014 and Olympic Games in 2016.
The joint venture would be
headquartered in
Brazil, managed by GVT, and would benefit from
GVT´s strong market position and state-of-the-art IP network
combined with EchoStar´s expertise in satellite and video
technology and its Brazilian licenses. The objective is to offer
a national service based on IPTV and a unique high power
satellite to provide leading edge features, quality and
reliability to consumers.
The deal is subject to execution of
definitive agreements and all corporate and governmental
approvals.
