Announced
Financials
Sources
Tags
media network
Venezuela
Bolivia
Private
Satellite
Majority
Brazil
Peru
Chile
Cross Border
Single Bidder
Colombia
Acquisition
Pending
Ecuador
Friendly
Synopsis
HISPASAT, a Spanish satellite telecommunications operator, agreed to acquire management and signal transport business from Media Networks Latin America, a provider of signal transport and management services. Financial terms were not disclosed. “This agreement will make our multimedia business in Latin America more efficient and strengthen our strategic position in a vertical market where we provide service today to close to two million homes in Brazil, Bolivia, Chile, Colombia, Ecuador, Peru and Venezuela. With this highly important transaction for our company, we are expanding our presence in the value chain and promoting the high-quality service that Media Networks has providing in the region for all these years," Miguel Ángel Panduro, HISPASAT CEO.
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