EchoStar, Vivendi plan Brazil pay-TV venture
EchoStar Technologies and Vivendi subsidiary GVT have entered into negotiations to form an IPTV-based joint venture for pay-TV services in Brazil.
An announcement from the two companies said: “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.