Copaco generates USD12m loss in 2012

8 Jan 2013

Paraguay’s state-run telco Copaco generated a net loss of USD12 million in 2012, local newspaper La Nacion has reported. Francisco Javier Galiano, who took over as company president in October last year, said that the company’s management is working hard to arrest the slump, but warned that ‘such a significant loss will be difficult to reverse in the short term’.

Paraguay, Copaco