The capitalization of Net could involve more than an issue of new shares, if credence is given to fresh rumors of a major new investor. This time the names mentioned aren?t telecoms companies but transnational pay-TV operators. Globo?s recent promise to reduce exposure to pay-TV distribution risks fueled the rumors. Some punters even predict a combined strategy involving Globo?s stake in Sky as well as Net. But it?s all speculation for now.
New money
