Cablevision denies Paraguay unit sale plans, plans investment boost

27 Sep 2011

Paraguayan cableco Cablevision has denied recent press reports suggesting that it is up for sale. Last week, citing ‘sources close to the company’, newspaper La Nacion reported that Mexico’s America Movil – which currently has a presence in the Paraguayan wireless sector through Claro Paraguay – and Telecom Argentina-owned Nucleo (Telecom Personal Paraguay), which currently operates in Paraguay’s wireless and broadband markets were vying to acquire Cablevision Paraguay from Argentina’s Clarin Group. However, Cablevision has told NexTV LatAm that it is not interested in selling its Paraguayan operations, and that it plans to increase investments in the country. To that end, it will soon add HD channels to its pay-TV platform, while its fibre-to-the-home (FTTH) internet service FiberTel is poised to increase its transmission speeds to 10Mbps. Alongside its cable TV subscriber base of around 115,000, which is primarily concentrated in the city of Asuncion, FiberTel reported a fibre-optic broadband customer base of just 5,669 at end-June 2011. The earlier, now-discredited press report valued the cableco at USD180 million.

Paraguay, Cablevision (FiberTel), FiberTel (Paraguay)