Hispasat Makes Key Media Acquisition in Latin America
Hispasat has made a significant move in the Latin America media market, one of its key target territories. The company announced April 29 that it has struck a deal to take over the management and signal transport business of Media Networks Latin America (MNLA), a subsidiary of the Telefónica Group involved in multimedia.
MNLA currently provides signal transport and management services to the leading telecommunications and television operators in South America using Hispasat’s satellites in the 61 degrees West position. Hispasat believes the integration for these services will allow the company to strengthen its position as a leading operator in the region for satellite TV and related services in Latin America.
It is an interesting deal, and Hispasat believes it fits within its 2020-25 strategic plan, which it hopes will turn the company from an infrastructure operator into a services and satellite solutions company.
“This agreement will make our multimedia business in Latin America more efficient and strengthens our strategic position in a vertical market where we provide service today to close to two million homes in Brazil, Bolivia, Chile, Colombia, Ecuador, Peru and Venezuela. With this highly important transaction for our company, we are expanding our presence in the value chain and promoting the high-quality service that Media Networks has providing in the region for all these years,” Miguel Ángel Panduro, CEO of Hispasat said in a statement.