The Spanish satellite telecommunications company Hispasat (Red Electrica Group) has officially announced this last Thursday, April 29th, that, from that date, it started to take over Telefonica Media Network’s management and audiovisual network transport business in Latin America. The terms of the agreement between Hispasat and Telefonica were not reported.

As reported by the company, the agreement will be executed ‘gradually in the coming months, in strict fulfillment with regulatory provisions and without affecting the service received by Movistar’s TV customers in South America’. Likewise, Media Networks Latin America provides audiovisual network management and transport services to the main TV and telecommunications operators in South America using Hispasat satellites in 61° W position. Hispasat also reports that the integration of these services ‘will allow the company to consolidate its position as a key operator in the region for services related to satellite TV (DTH).

‘This agreement improves the efficiency of our audiovisual business in Latin America and strengthens our strategic position in a vertical in which today we serve nearly two million homes in Brazil, Bolivia, Chile, Colombia, Ecuador, Peru and Venezuela. With this operation, which is of great importance for our company, we expand our presence in the value chain and promote the high-quality service that Media Networks Latin America has been providing in the region for all these years’, reported Miguel Ángel Panduro, Executive Director at Hispasat.

Likewise, Alfonso Gomez Palacio, CEO at Telefonica Hispanoamerica, explained that the partnership with Hispasat ‘will allow Telefonica Hispanoamerica to keep focused on the deployment of fiber optics, as well as on mobile connectivity with next-generation networks, to provide our customers with the best possible experience’.