DirecTV Latin America doesn't have operation in Mexico anymore.
here's the info:
DIRECTV Group and News Corporation Announce Reorganization and Consolidation of Satellite TV Platforms in Latin America
EL SEGUNDO, CA, and NEW YORK, NY, October 11, 2004 – The DIRECTV Group, Inc. and News Corporation today announced a series of transactions with Grupo Televisa, Globopar and Liberty Media that will result in the reorganization of the companies’ direct-to-home (DTH) satellite TV platforms in Latin America. Highlights of the transactions include:
• Sky Brasil and DIRECTV Brasil will merge, and DIRECTV Brasil customers will migrate to Sky Brasil. The DIRECTV Group will acquire the interests of News Corp. and Liberty Media in Sky Brasil.
• DIRECTV affiliate Galaxy Mexico will close its operations and sell its subscriber list to Sky Mexico. DIRECTV customers in Mexico will be offered the opportunity to migrate to Sky Mexico. The DIRECTV Group will acquire the interest of News Corp and jointly with Televisa, the interest of Liberty Media in Sky Mexico.
• The DIRECTV Group will acquire the interests of Globo, Televisa, News Corp. and Liberty Media in Sky Multi-Country Partners, which has DTH platforms in Colombia and Chile. Sky customers in Colombia and Chile will migrate to DIRECTV.
The transactions are designed to ensure the long-term success of DIRECTV Latin America, which is 86 percent owned by The DIRECTV Group, and Sky Latin America by consolidating the two DTH platforms into a single platform in each of the major territories served in the region. In aggregate, The DIRECTV Group is paying $579 million in cash for the equity stakes in the Sky platforms.
Mexico
DIRECTV will close the operations of Galaxy Mexico, its Mexican affiliate, and Galaxy Mexico has sold its subscriber list to Sky Mexico in exchange for a note, which is subject to adjustment and is payable in approximately 18 months. This acquisition has been filed with the Mexican government. Sky Mexico will offer to DIRECTV subscribers the opportunity to move to the Sky Mexico platform. In order to ensure that DIRECTV customers in Mexico continue to receive uninterrupted service while they evaluate the Sky offer, Galaxy Mexico will maintain its service for a minimum of nine months. Shortly after the end of the nine months, Galaxy Mexico will surrender its DTH license and cease operations. Approximately six months after the completion of the migration period, DIRECTV will surrender the note for 15 percent of the equity in Sky Mexico and acquire the balance of News Corp.’s equity stake in Sky Mexico for cash. At that time, DIRECTV and Televisa will also acquire Liberty Media’s interest in Sky Mexico, also for cash. Upon completion of these transactions, Televisa and DIRECTV will own approximately 57 percent and 43 percent of Sky Mexico respectively. As of June 30, 2004, there were approximately 266,000 DIRECTV subscribers in Mexico and approximately 940,000 Sky Mexico subscribers.
From:
News Corporation