Tigo lines up takeover deals for regional cablecos

4 Dec 2014

Tigo Paraguay has designs on acquiring a number of cablecos in Paraguay’s regions and metropolitan areas, online news journal Ultima Hora reports. The website names Tigo’s targets as Saturno (based in Fernando de la Mora), Sur Multimedia (Encarnacion) and TV Cable Parana (Ciudad del Este). The plans have been broadly welcomed by Ignacio Viveros, president of the Camara de Cableoperadores del Paraguay (CCP, or Chamber of Cable Operators of Paraguay), who told Ultima Hora: ‘I do not look at this as a bad thing … Each company will know whether or not to sell.’

In a separate article, Federico Osorio, Viveros’ predecessor at the CCP told Ultima Hora that Tigo currently has 263,000 cable TV subscribers via its Tigo Star unit, which was launched after the telco’s acquisition of Cablevision. That user base places Tigo firmly ahead of chief rival Claro (200,000 users) in the pay-TV stakes. Meanwhile, the roughly 90 CCP members account for around 80,000 users between them, down from a previous peak of 100,000.

Paraguay, Saturno (incl. Mio Internet), Sur Multimedia (Paraguay), Tigo Paraguay