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Latest Satellite News Discussion, Soros given green light on Brazil's Sunrise pay-TV operator at General Satellite News forum; Soros given green light on Brazil's Sunrise pay-TV operator Gabriel Miramar-Garcia RapidTVNews | 04-06-2012 Billionaire George Soros has been approved ...

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Soros given green light on Brazil's Sunrise pay-TV operator
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Soros given green light on Brazil's Sunrise pay-TV operator - 04-June-2012, 13:50

Soros given green light on Brazil's Sunrise pay-TV operator

Gabriel Miramar-Garcia RapidTVNews | 04-06-2012


Billionaire George Soros has been approved by Anatel, Brazils telecoms regulator, to take control of local pay-TV operator Sunrise Telecomunicaoes. Sunrise operates in 12 regions in the state of So Paulo.
The move comes as the country is prepping to auction sought-after 4G broadcast licences for expanding mobile broadband pay-TV penetration.
According to Brazilian newspaper Valor Economico, the takeover will require an investment of $250 million.




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