Satellite Networks

HispaSat boosts its presence in Latin America

HispaSat boosts its presence in Latin America

Spanish satellite telecommunications operator HispaSat, recently in the news thanks to its support for a rail connectivity trial in Poland, says it has signed an agreement to take over the management and signal transport business of Media Networks Latin America.

Media Networks Latin America, a subsidiary of the Telefonica Group involved in multimedia, currently provides signal transport and management services to the leading telecommunications and television operators in South America using HispaSat’s satellites in the 61ºW position to reach millions of homes.

The integration of these services will allow HispaSat to strengthen its position as a leading operator in the region for satellite TV-related services; there are estimated to be more than 17 million satellite TV subscribers in South America.

This action conforms with the proposals of HispaSat in its 2020-25 Strategic Plan, which will turn the company from an infrastructure operator into a services and satellite solutions company.

HispaSat say this transformation will take place by strengthening its current business, with actions like this agreement with Telefónica, and by promoting growth to address the latest market trends, which will allow the company to diversify its offering through new technologies, services and strategic partnerships.

Miguel Ángel Panduro, CEO of HispaSat, explains: “This agreement will make our multimedia business in Latin America more efficient and strengthen 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.”

Alfonso Gómez Palacio, CEO of Telefónica Hispanoamérica, adds: “This agreement will allow Telefónica Hispanoamérica to remain focused on fibre optic rollout as well as mobile connectivity with the latest generation networks to provide our clients the best experience. At the same time, the company is taking another step in its goal of making its operations in the region more dynamic".

The agreement will be implemented gradually in upcoming months in strict compliance with regulatory provisions and without affecting the service that Movistar’s television clients receive in South America.



More Articles you may be Interested in...