Advanced Television

Cablevision denies Paraguay sale

September 23, 2011

By Chris Forrester

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.

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