Luxembourg-based telco Millicom, which operates using the Tigo brand, has received approval from telecoms regulator Conatel for its purchase of Cablevision Paraguay. The clearance decision comes shortly after competitors had publicly called on the…
Luxembourg-based telco Millicom, which operates using the Tigo brand, has received approval from telecoms regulator Conatel for its purchase of Cablevision Paraguay. The clearance decision comes shortly after competitors had publicly called on the regulator to block the transaction on antitrust grounds.
Tigo agreed to acquire Cablevision Paraguay in July for US$150m from Argentine conglomerate Grupo Clarin.
As reported previously, state-owned operator Copaco as well as other players have come out against the deal arguing it would create a dominant player in mobile and cable services.
Millicom said previously that it expects to close the transaction in late 2012.
