Vivendi. EchoStar Announce Pay TV Joint Venture in Brazil

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Vivendi
VIVHY
and EchoStar Corp.
SATS
announced today 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.
See full press release
Posted In: NewsGuidanceContractsManagementGlobal
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