Tag Archives: Copaco

Cablevision denies talks to sell Paraguay assets

Telecoms, , , , ,

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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Paraguay State Owned Copaco Buys Hola Paraguay

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Paraguay’s state-owned telecoms network operator, Copaco has announced that it has brought the local mobile network, Hola Paraguay, which trades as Vox for an undisclosed amount. The company said that it aims to boost the subscriber base to 500,000 customers by the end of this year, and 2 million customers within five years.

According to figures from the Mobile World analysts, the company had 432,000 subscribers at the end of March 2010. This represented a market share of 7.3%.

The company aims to help boost the subscriber base by providing free SIM cards to its 360,000 landline customers, and expects to be able to convert around 100,000 into paying subscribers. In addition, the goal is to reach 1 million landline subscribers between basic and fixed wireless for the five-year period beginning in 2008.

Although the government hasn’t confirmed the price paid, local media reports suggest that it was in the region of just US$3 million. Hola Paraguay was 70% owned by Japan’s KDDI Corp.

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