DirecTV may bid for GVT – report

News Broadband Brazil 19 SEP 2012
DirecTV may bid for GVT – report
US satellite TV provider DirecTV could submit a bid for Brazilian broadband operator GVT. Citing two unnamed sources, Bloomberg said that DirecTV is only one of the possible bidders, as GVT owner Vivendi is preparing a list of potential buyers who will be given access to financial information. GVT ended June 2012 with 300,000 pay-TV subscribers and targets adding another 100,000 by the end of the year. DirecTV is already active in Latin America and sees the region as a new growth market.

Categories:

Internet,  Video

Companies:

DirecTV,  GVT,  Vivendi

Countries:

Brazil

Tags:

Internet Access, M&A buyouts & divestments

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