Telecom Argentina has confirmed that its Paraguayan subsidiary, Nucleo (Telecom Personal Paraguay), has acquired a 70% stake in local satellite operator TuVes Paraguay. Quoting an announcement on the Buenos Aires Stock Exchange, El Cronista notes that the deal was valued at just PYG35 million (USD6,159), but the new owner has committed to injecting PYG70.6 billion into the business via a capital increase. TuVes Paraguay currently provides direct to home (DTH) services to approximately 71,800 customers, the report adds.
It is believed that Chile-based TuVes Group will retain the remaining 30% in the Paraguayan unit. Initially founded in October 2009, TuVes Group has operated as a white-label DTH provider since 2012, selling its satellite solution to telecoms operators across Latin America and the Caribbean. Telecom Personal Paraguay is the group’s existing partner in Paraguay, suggesting minimal upheaval for customers. According to the company website, its partners elsewhere are: Viva and Tricom (both Dominican Republic), Inter (Venezuela), Cable Onda (Panama), Click (Colombia), TV Cable and Etapa (both Ecuador), Inter and COTAS (both Bolivia) and TCC (Uruguay).