Top Venezuela court orders seizure of AT&T subsidiary assets

Top Venezuela court orders seizure of AT&T subsidiary assetsSoldiers surrounded the Caracas headquarters of television provider DirecTV, owned by AT&T, on Friday after a ruling by Venezuela's highest court ordered the "immediate" seizure of the company's facilities and equipment. The Supreme Court ordered the National Telecommunications Commission (CONATEL) to "take possession" of all property and equipment used in the transmission of DirecTV's services -- which account for 45 percent of the subscription TV market in Venezuela according to official figures.


 

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