- Echostar (NASDAQ:SATS) and Vivendi (OTCPK:VIVHY) subsidiary GVT are negotiating a pay-TV service joint venture in Brazil, reports Financial Times.
- The move would allow GVT to offer standalone TV services as opposed to its current triple-play-only offers (fixed-line, TV, and internet). GVT has grown rapidly and won 500K customers since it started the business in 2012.
- Bernstein analyst Claudio Aspesi noted, "This would give GVT the opportunity to distribute their content on a wider footprint." The JV may also benefit from increased pay-TV demand on the back of the 2014 World Cup, which Brazil will host.