Vivendi’s GVT in Brazilian Pay-TV Venture

PARIS: Vivendi's GVT subsidiary has entered into negotiations with EchoStar Technologies to form a joint venture for pay-TV services in Brazil.

The JV would be headquartered in Brazil and would be managed by GVT. The objective is to offer a national service based on IPTV and high-powered satellite. It would take advantage of GVT's strong market position and state-of-art IP network combined with EchoStar's expertise in satellite and video technology and its Brazilian licenses.

The deal is subject to corporate and governmental approvals.