Paid in full: cellcos fulfil 4G licence fees; Tigo completes cableco takeover

17 Feb 2016

Paraguayan telecoms operators Tigo and Claro met the 14 February deadline for the final payment of their respective 4G licences, La Nacion reports. The concessions cost each operator USD45 million at auction, with both cellcos required to pay a deposit of USD15 million following the conclusion bidding in December 2015. The USD30 million balances have now been paid in full, enabling Tigo and Claro to now move ahead with their commercial launches. Both expect to activate 4G networks within three months.

In other news, Tigo parent Millicom International Cellular (MIC) has addressed recent press speculation by confirming that it has sealed the takeover of TV Cable Parana, the leading cableco in Ciudad del Este, Paraguay’s second largest city. According to MIC’s press statement, TV Cable Parana’s network passes around 40,000 homes, and has approximately 15,000 clients on its books. The transaction is subject to regulatory approval. Mauricio Ramos, CEO of MIC, commented: ‘This acquisition is an example of an investment that adds value to our core business and which will deliver multiple post-merger synergies, leveraging our existing assets in Paraguay such as our network, our customer base and our content’.

Paraguay, Claro Paraguay, Tigo Paraguay, TV Cable Parana