Vrio Corporation, parent company of DirecTV Latin America and Sky Brasil, and Project Kuiper, Amazon’s low Earth orbit satellite broadband network, have announced a distribution agreement to offer internet connectivity in seven countries in South America. Vrio plans to use Project Kuiper’s network to provide connectivity services to residential customers in Argentina, Brazil, Chile, Uruguay, […]

AT&T is expected to close the spin-off of its DirecTV and other pay-TV operations in early August. The new division will be part-owned (30 per cent) by TPG (the former Texas Pacific Group) while AT&T holds onto 70 per cent. AT&T CFO Pascal Desroches told equity analysts during the wireless company’s Q2/2021 earnings call that […]

AT&T has told investors on that it would be selling its Latin American DirecTV unit, Vrio Corp, to Argentina-based investment company Grupo Werthein. The deal involves an impairment charge of $4.6 billion (€3.9bn). AT&T did not reveal the amount it would receive from Werthein. The purchase is likely to close early in 2022. Grupo Werthein […]