DirecTV Group Inc. (DTV) announced it had acquired an additional 18.9 per cent stake in SKY Brasil from Globo Comunicacao E Participacoes SA. The investment for the stake was for a consideration of $604.8 million. DirecTV undertook the investment as part of a drive to expand in the U.S. and Latin America.
DirecTV’s purchase of 178.8 [...]

PrimeHoldings.com Inc announced that its subsidiary TimeMarker Inc has concluded the acquisition of Brazil’s IT-Bibow INFO Ltd. PrimeHoldings.com Inc. is a diversified holding company with early-mover initiatives in the telecommunications and wireless auction space, and proprietary restaurant and hospitality industries software.
The announcement stated that Briza Technologies Inc. which is being acquired by TimeMarker, Inc., a [...]

Portugal Telecom finally announced it had got approval for its stake acquisition plans in Brazilian telecoms firm, Tele Norte Leste Participacoes or Oi, as it is mostly known.  The Brazilian telecoms industry regulator, Anatel, gave the Portuguese state owned firm the green light for the stake acquisition. Portuguese Telecom is seeking to acquire a stake [...]

CADE, Brazil’s anti-trust regulator last week announced it had approved Oi’s acquisition of Brasil Telecom. The Dow Jones reported CADE approved the sale of Brasil Telecom to Oi without structural restrictions, and a statement of commitment to performance was executed. In a statement, Oi said it had gotten the green light from the regulator, with [...]

Mexican billionaire Carlos Slim’s firm Embratel has purchased over two thirds of Pay TV firm Net Servicos’ outstanding preferred shares. Embratel is a Brazilian fixed-line phone carrier and is majority controlled by the Mexican billionaire. Embratel bought 143.8 million shares of the Sa Paolo based Net Servicos at 23 reals for every share.
That subsequently reflects [...]

Reports emerged Thursday that Vodafone may not after all be bidding for Brazilian wireless carrier, TIM Participacoes as has been widely expected. Vodafone, the biggest mobile phone company in the world in terms of revenue, may not bid given the toughness of the Brazilian telecoms market for new companies.
According to analysts, the Brazilian telecoms market [...]

Embratel Participacoes Thursday reported that it is keen on offering to purchase all the shares of Net Servicos. Embratel Participacoes, a Brazilian phone company, said it will offer the purchase of 100% of Net Servicos, considered the biggest cable television operator in Brazil. In that regard, Embratel said it will be making an offer of [...]

Publicis Groupe Monday announced that it had struck a deal for the acquisition of AG2, one of Brazil’s foremost and biggest independent digital agency. In the agreement deal that sealed the acquisition, Publicis announced that AG2 will be aligned with Publicis Modem, Publicis global network’s digital unit but will be renamed AG2 Publicis Modem. On [...]

In a twist of harrowing but successful turn around, Telefonica Wednesday announced it had finally managed to seal the deal with Portugal Telecom for the acquisition of the Portuguese Telecoms company’s stake in Vivo, the Brazilian telecoms major. In its statement to the Spanish Stock Exchange, the Spanish telecoms giant, Telefonica, said it had won [...]

French giant media company Vivendi could face up to more than one billion dollars in fines from Brazil’s securities regulator over a fraud case involving its acquisition of GVT, the Brazilian phone company. Reports surfaced Sunday in a domestic Brazilian newspaper, stating that the French media firm could pay about 3 billion reals, an equivalent [...]