Cablevision insists it is not selling its Paraguayan subsidiary. Cablevision is owned by Argentina’s Clarin Group.
Recent reports have suggested that a sale would be made. The newspapers even quoted the likely sale price ($180m). Possible bidders were named as America Movil or other major local media players.
However, Cablevision insists a sale is not on the cards, and that it is increasing its investment in Paraguay, where it has been present since 1997 and where it currently has some 120,000 subs.