Cablevision executives deny government claim it will sell its Paraguayan operation

Leading executives of Paraguayan pay-TV and broadband ISP Cablevision have reacted swiftly to deny the government’s claim that it is looking to negotiate the sale of the company to state-owned national telecoms operator Copaco. Cablevision, which is owned by Argentina’s largest media conglomerate Grupo Clarin and which offers broadband cable services in Paraguay under the brand name FiberTel, said instead it is merely seeking ‘strategic partners to expand services in Paraguay’ and that its recent meeting with government officials was designed to ‘explore chapters related to the development of communications networks as well as cellular telephone licences and 4G mobile internet, all with a view to expanding services in Paraguay with a vision of national coverage.’ The rebuttal came after a statement from the secretary general of the presidency of Paraguay, Miguel Lopez Perito, as quoted by Argentine newspaper La Nacion, in which he said: ‘the Clarin Group offered to sell Cablevision to several media organisations in our area, including the state telephone Copaco, and the offer will be considered and the issue discussed

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OVETEL Cablevision executives deny government claim it will sell its Paraguayan operation