Venezuela’s Supreme Court on Friday ordered pay television service DirecTV to restore services in the South American country, after owner AT&T Inc said earlier this week it was shutting access due to U.S. sanctions. DirecTV was the country’s most popular television service, providing a range of foreign channels as alternatives to the country’s beleaguered local television industry that has been battered by a hyperinflationary economic crisis. U.S. sanctions meant to force President Nicolas Maduro from office prohibit companies from contracting with state agencies, but local Venezuelan laws require subscription services to carry channels run by the government. …read more
Source:: Yahoo Finance
