Conatel approves Tigo’s acquisition of Cablevision

29 Aug 2012

Paraguayan regulator Consejo Nacional de Telecomunicaciones (Conatel) has approved the acquisition of pay-TV firm Cablevision Paraguay by Millicom International Cellular (MIC)-owned Tigo, Ultima Hora reports, citing Conatel president Carlos Gomez Zelada. The completion of the deal is now expected to take place within the next 45 days. Last month MIC announced that it had signed a binding agreement to acquire 100% of Cablevision from Argentina’s Grupo Clarin, for an enterprise value of USD150 million. The deal has encountered opposition from mobile operators Telecom Personal Paraguay (Nucleo), America Movil-owned Claro and Hola Paraguay (Vox), which claim that such a move would give Tigo an unfair advantage in the market. However, Conatel’s president said the regulator decided to approve the acquisition after determining that it would not violate any laws or regulations.

Paraguay, Consejo Nacional de Telecomunicaciones (Conatel), FiberTel (Paraguay), Tigo Paraguay