Paraguay round-up: Copaco profits boosted; telco counts the cost of VoIP; Tigo sets investment target

3 Jan 2014

Paraguayan state-run telecoms operator Copaco expects to generate profits of PYG2 billion (USD425,738) in the twelve months ended 31 December 2013, compared to a net loss of PYG33 billion in 2012, according to BNAmericas.

In a separate news story, ABC reports that Copaco chief executive Rogelio Benitez intends to petition the Supreme Court over the issue of voice-over-internet protocol (VoIP) termination in Paraguay. Benitez has suggested that that the illegal termination of VoIP calls is costing the state-backed telco as much as USD12 million a year. Despite Copaco’s exclusivity in the VoIP sector, Benitez has alleged that at least three companies have been offering IP telephony services for a decade, seriously impacting the telco’s business.

Elsewhere in Paraguay, TeleSemana reports that Mario Zanotti, senior executive vice president of operations at Millicom International Cellular (MIC), has committed to invest USD500 million in Tigo Paraguay’s operations in 2014. Zanotti reportedly made the financial commitment after a meeting with the president Horacio Cartes.

Paraguay, Copaco, Tigo Paraguay