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Televisa renting satellite transponders

Grupo Televisa S.A. has entered an agreement to rent eight KU-Band transponders on the PS-3 satellite, expected to be launched in the fourth quarter by PanAmSat L.P. In a press release, Grupo Televisa said the rent for these transponders is $ 24 million a year. A spokeswoman for the company said the agreement provides for Grupo Televisa to “rent for the entire useful life” of the transponders. The company expects it and other programmers will use the transponders to create a direct-to-home satellite television service in Latin America and Brazil.

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