RIO DE JANEIRO, BRAZIL - The Venezuelan government started confiscating assets of the US telecommunications multinational AT&T. The company had closed its subsidiary DirecTV last week in order to avoid impending US sanctions. More than two million households and 600 employees are affected.
The television satellite operator DirecTV had a market share of about 46 percent and offered 300 channels. The government of President Nicolás Maduro now wants to put it back into operation.
At least three Caracas installations belonging to the US telecommunications multinational have reportedly been occupied by the state regulator CONATEL and the Bolivarian Armed . . .