The people of Ecuador are rising up to refound their country as a pluri-national homeland for all. This inspiring movement, with Ecuador's indigenous peoples at its heart, is part of the revolution spreading across the Americas, laying the groundwork for a new, fairer, world. Ecuador Rising aims to bring news and analysis of events unfolding in Ecuador to english speakers.

Saturday, September 01, 2007

Ecuador Signs Deal to Buy Telesur Stake

Houston Chronicle, 30 August 2007

QUITO, Ecuador — Ecuador signed an agreement Thursday to acquire a 5 percent share of Venezuelan TV network Telesur.

The two-year-old, Caracas-based station, which is supported by the Venezuelan government, has similar agreements with left-leaning governments in other Latin American nations: Argentina, Uruguay, Cuba, Bolivia and Nicaragua.

The deal will allow the network to broadcast in Ecuador, whose President Rafael Correa is an ally of Venezuelan President Hugo Chavez. Telesur did disclose financial terms of the deal.

Chavez, a frequent critic of Washington, touts Telesur as an alternative to what he calls the U.S.-friendly coverage of other large media outlets.

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