BUENOS AIRES (Reuters) -The newly formed Argentine-owned Waiken, parent company of Sky Brazil and DirecTV Latin America, said on Monday it will invest $450 million by 2031 to boost its entertainment and telecommunications business in the region.
Waiken, which last year signed an agreement with Amazon through its subsidiary Vrio Corp to offer satellite internet in South America, said it will also expand its fiber-optic telecommunications business in Brazil with the acquisition of the company Proxxima.