HISPASAT to acquire management and signal transport business from Media Networks Latin America.

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.