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Satellite firm EchoStar halts talks with GVT regarding joint TV venture in Brazil
16 Dec 2013
Brazil
American satellite services provider EchoStar Corp has released a statement noting that it is no longer in talks with Brazilian broadband provider Global Village Telecom (GVT) regarding a plan to establish a joint venture vehicle to offer pay-TV services in the country. No definitive reasons were given for the decision, however. Discussions between EchoStar Corp and GVT, a unit of French media and telecoms group Vivendi, began in October this year. The pair had hoped to set up a pay-TV service in Brazil ahead of the upcoming FIFA football World Cup and the Olympic Games – which is also being hosted by Brazil.