American satellite services provider EchoStar Corp. said it is no longer in discussions with Global Village Telecom (GVT) to form a joint venture for pay TV services in Brazil. GVT is a Brazilian telecom company. Reasons for ending the talks, however, remains unclear.
According to a report by Reuters, French media group Vivendi SA said in October that GVT was in talks with EchoStar to set up a pay TV venture. GVT is a subsidiary unit of Vivendi.
The joint venture hopes to offer pay-TV service to Brazilians eager to watch World Cup soccer matches and the Olympic Games coming to their country, the report said.
EchoStar said it remains committed to use its expertise in satellite and video technology to deliver pay TV service to Brazil. The American telecom company is controlled by Charlie Ergen, Reuters said. EchoStar, through its wholly-owned subsidiary Hughes, provides satellite broadband services to enterprise and government customers in over 100 countries, its website said.
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