The five bidders are: Telefonica; Brasil Telecom; Millicom; Telecom Argentina; and Compania de Telecomunicaciones.
The state owned company, which has fixed line and mobile operations, was recently valued at $229 million by the World Bank.
Five groups interested in taking over Paraguay’s state-owned telecoms company
The privatization of Paraguay's state owned telecoms company, Antelco, has come a step closer. The country's privatization authority, SNRE, has announced that thus far it has received five applications to participate in the privatization.
