From the end of 2020 to the beginning of 2021, the Globo Group developed various actions to dispose of its minority stakes (less than 5%) in Claro and Sky, as part of its transformation as a content production company and the pay TV market.
In Claro's case, the shareholding was a balance left from the sale of Net/Globocabo's operations to the Telmex group in 2004. As for Sky, the Globo group was the controlling company of that company until 2005, when it sold a large part of its stake to its partner Fox and then was left with residual stake when the merger with DirecTV took place.