AT&T announced the completion of the sale process of Vrio Corp, the mother company of DIRECTV Latin America, to the Werthein Group, an operation that had been announced on July 22. As of now, the Group fully owns DIRECTV operations in 11 countries in Latin America and the Caribbean, with a base of more than 10 million subscribers.
However, the agreement also specified that no changes will be applied to AT & T’s stake in Sky Mexico, while there will be changes to Directv GO, which will now be in the hands of the Werthein Group. On the other hand, in addition to having acquired control of the operations of Argentina, Barbados, Chile, Colombia, Curaçao, Ecuador, Peru, Trinidad and Tobago and Uruguay; the conglomerate of companies will also control Brazilian services through Sky Brasil.
“The solidity in the Werthein Group’s operations and the transparency in the Vrio acquisition process allowed the transfer of the company after obtaining the required support from the regulatory entities of the countries in the region“, AT&T announced after confirming the news.