Cable operator Cablevision has denied recent press reports claiming its Paraguay unit is on sale, newspaper La Nacion reports, citing a company statement. Cablevision also said it plans to develop its operations in Paraguay.

The company currently offers cable TV and internet services on the local market. This week, company executives had a meeting with the Paraguayan President Fernando Lugo. At the meeting, Cablevision proposed that state-owned operator Copaco acquired its Paraguay unit, Reuters reported, citing secretary general of the presidency, Miguel Lopez Perito.

Lopez Perito also said that the Argentine media giant planed to exit Paraguay. In response, Cablevision said it “is seeking strategic partners to expand services in Paraguay”. In the statement, the company said that at the meeting with Paraguayan officials, the participants discussed on “matters related to the development of communications networks as well as licenses for provision of 4G mobile phone and mobile internet services, all with a view to expanding the company’s services across Paraguay to reach national coverage”. Cablevision has around 118,000 pay-TV subscribers in the Asuncion and Great Asuncion areas, as well as over 11,000 Fibertel broadband internet customers.

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