Tigo Paraguay has reportedly sealed the takeover of Sur Multimedia, a cableco which is based in Encarnacion in the Itapua Department, situated on the western shore of the Parana River, opposite Posadas, Argentina. According to NexTV LatAm, the deal is subject to regulatory approval. The agreement coincides with a visit to Paraguay by Millicom chairman Cristina Stenbeck, who discussed the European telecoms firm’s future investment plans with President Horacio Cartes.
As previously reported by TeleGeography’s CommsUpdate, in December 2014 it was revealed that Tigo had lined up acquisitions for three regional operators: Sur Multimedia, Saturno (based in Fernando de la Mora) and TV Cable Parana (Ciudad del Este). The following month Tigo sealed its USD500,000 takeover deal of Saturno.