Paraguay round-up: Copaco generated PYG3bn net profit in 2013; consultant hired to overhaul telecoms law

27 Jun 2014

Paraguay’s state-backed fixed line operator Copaco posted a net profit of PYG3 billion (USD668,580) in 2013, the company’s president Rogelio Benitez has informed The figure represents a marked improvement on the operator’s bottom line, following losses of PYG71 billion and PYG33 billion in 2011 and 2012, respectively.

In other news, Benitez has revealed that Copaco needs to invest between USD100 million and USD120 million to upgrade its aging copper infrastructure to fibre. The telco hopes that the move will help to prevent theft and optimise its data transmission capabilities.

Finally, Paraguayan law firm Peroni, Sosa, Tellechea, Burt & Narvaja has been awarded a contract by Paraguay’s telecoms regulator Conatel to carry out a study aimed at updating the country’s telecommunications law. The company is expected to present its findings with 120 days.