Paraguay: Mobile Operators' Revs Up 20.6% in Jan-Oct

Mobile telephony operators in Paraguay posted revenues of US$357mn in the first 10 months of 2007, up 20.6% compared to the same period last year, local press reported, citing data from Paraguay's economy ministry.

During 2006, the operators generated revenues of US$345mn.

The country's mobile operators are Telecel, a unit of Luxembourg-based Millicom International Cellular, Hola, which is backed by Japanese investors, Telecom Argentina's unit Personal and Mexican giant América Móvil's unit CTI Móvil.

Posted to the site on 2nd January 2008