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DirecTV Group Takes Full Control Of DirecTV Latin America
DirecTV Group will acquire Darlene Investments LLC’s share of DirecTV Latin America LLC, giving DirecTV Group full equity ownership of the Latin American satellite-TV provider, DirecTV announced Jan. 30.
DirecTV Group will pay $325 million for Darlene Investments’ 14.1 percent share of DirecTV Latin America. The agreement also ends all pending litigation against DirecTV.
DirecTV Latin America provides digital TV service to about 4 million customers in Latin America.
Separately, DirecTV Inc. has selected risk management provider Neural Technologies to assist it in reducing its risk to fraud. "Since we’ve thwarted signal thieves with air-tight access cards, we’ve seen more instances of fraud and we’re taking active steps to address these illegal activities," James Whalen, DirecTV’s vice president for signal integrity, said in a statement.
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