According to DirecTV CEO Mike White, bankers have provided the company with pitch books about the deal. However, the process is premature and a deal analysis has not been completed. DirecTV currently own a 93 percent stake in Brazilian Pay TV operator Sky Brasil.

"It’s (GVT) a high-growth business and it’s a very complementary business to our Brazil business. It has a pay TV business. There could be synergies as we look at that," White said in a statement. “GVT nice broadband offering, which could have synergies to sell a bundle that would be very strategic."