Out of this world? Tigo pays USD500,000 for cableco Saturno

3 Feb 2015

Tigo Paraguay has reportedly sealed a USD500,000 takeover deal for regional cable operator Saturno, which is based in Fernando de la Mora. However, ABC.com.py reports that watchdog Comision Nacional de Telecomunicaciones (Conatel) has launched an investigation into the legalities of the deal, which was not submitted for approval. Although Saturno only claims a modest user base, the unauthorised transfer of the company’s ten-year cable TV licence (due to expire in 2018) is said to have concerned Conatel officials.

Saturno is based in Fernando de la Mora in the Central Department. According to TeleGeography’s GlobalComms Database, the cableco received an ‘Internet Access and Data Transmission’ licence from Conatel on 2 December 2010; the five-year concession is due to expire on 1 December 2015.

As previously reported by TeleGeography’s CommsUpdate, in December 2014 it was revealed that Tigo had lined up acquisitions for three regional operators: Saturno, Sur Multimedia (based in Encarnacion) and TV Cable Parana (Ciudad del Este).

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