ISP Channel, StarMedia to Offer Broadband in Latin America
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Broadband Internet services company SoftNet Systems, Inc. (SOFN), the parent company of ISP Channel, and StarMedia (STRM), have signed a strategic agreement to bring broadband content to Spanish-speaking America and Portuguese-speaking Brazil.
According to the terms of the deal, StarMedia will provide Spanish- and Portuguese-language multimedia content to be delivered through ISP Channel's high speed Internet services.
ISP Channel and StarMedia plan to rollout their enriched content services in Puerto Rico through ISP Channel cable affiliates Teleponce Cable TV and Pegasus Communications Corp. (PGTV). ISP Channel's affiliates comprise a market area of more than 320,000 homes passed.
"This alliance with SoftNet's ISP Channel is part of our strategy to offer StarMedia users in the Spanish- and Portuguese- speaking world easy access to content from StarMedia Network's web properties, allowing them to leverage the Internet's full content, audio and video potential," Scolnik said.
Lawrence Brilliant, SoftNet chairman and chief executive officer, said SoftNet is well-positioned to deliver enhanced broadband services to the Latin American market.
"This alliance with StarMedia offers SoftNet a significant marketing advantage for our ISP Channel in securing agreements with cable affiliates throughout Latin America," Brilliant said.
"SoftNet is very favorably positioned to secure these partnerships thanks to its experience deploying high speed cable modems in the U.S., its strong management culture, its international experience, and the market opportunity created by Latin America's limited competitive high speed Internet access," he added.
Under the terms of the agreement, StarMedia Network will develop and maintain Spanish- and Portuguese-language portals for broadband systems deployed by ISP Channel in various targeted markets.
StarMedia launched its broadband services in Latin America in September. In the same month, the company also purchased Webcast to deploy streaming audio and video services, such as sporting events, concert tours, original programming, interactive chats and consumer promotions.