Entel to launch satellite TV this year

Chile's leading telecommunications operator, Entel SA ENT.SN, plans to launch a satellite television business this year in the face of growing competition, and is eyeing expansion opportunities in Peru and Colombia, its chief executive said on Friday. Entel, Chile's No. 1 mobile telephone operator, is facing a stiff challenge from rivals such as cable TV operator VTR, which has expanded into mobile services, Mexican giant America Movil and Spain's Movistar. More

(Source: Reuters - Jun 3)