Copaco abandons rumoured Cablevision tie-up; Tigo linked with USD150m bid for 80%

According to La Nacion, Paraguayan state-owned telco Copaco has distanced itself from the mooted acquisition of local pay-TV and broadband provider Cablevision, which is owned by Argentina’s largest media conglomerate Grupo Clarin and offers cable broadband services under the brand name ‘FiberTel’. Last month Paraguayan politician Miguel Lopez Perito told the press: ‘The Clarin Group offered to sell Cablevision to several media organisations in our area, including the state telephone Copaco, and the offer will be considered and the issue discussed. They intend to leave the country’; Grupo Clarin later denied the reports, indicating that it was merely seeking ‘strategic partners to expand services in Paraguay’ and that its recent meeting with government officials was designed to ‘explore chapters related to the development of communications networks as well as cellular telephone licences and 4G mobile internet.’ However, Cablevision’s future still hangs in the balance

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OVETEL Copaco abandons rumoured Cablevision tie-up; Tigo linked with USD150m bid for 80%