Embratel to buy stake in pay-TV operator

4 Oct 2005

Brazilian long-distance phone carrier Embratel Participacoes has revealed plans to buy a 37.1% stake in local pay-TV operator Net Servicos de Comunicacao, which is currently owned by Mexico’s Telmex, also Embratel’s parent. Under the deal, Embratel will also buy 100% of Telmex do Brasil.