April 30, 2026 at – 10:35
After months of public secrecy following the suspicious award of 5G bands, Osmar Coronel, founder and former director of ueno Bank, presented himself as the company’s new chief executive at an event held within the framework of the Mobile World Congress 2026.
Nubicom Paraguay SA reappeared on the international public scene with the formal presentation of Osmar Coronel as its chief executive officer (CEO). The participation took place on April 6 in Spain, during a panel on network deployment organized by the Japanese multinational Rakuten Symphonywithin the framework of the Mobile World Congress (MWC, for its acronym in English).
The event occurs while in Paraguay, the company maintains absolute silence After investigations by the Comptroller General of the Republic (CGR) about the documented irregularities in the bidding process for the fifth generation spectrum and on its implementation progress in the local market.
In addition, Nubicom’s subsidiary in Paraguay has been in the public eye for its connection with the Vazquez Groupa conglomerate linked to the president’s entourage Santiago Pena.
They will use foreign “infrastructure”
During the technology forum the founder of ueno Bank and former director of the financial institution He explained the telephone company’s commercial strategy and recognized the economic difficulties of the local market.
In addition, the manager linked to the Santiago Peña environment predicted that Nubicom will be the “only operator” with independent fifth generation networks (5G SA) in the country, providing low latency services to automate industries and connect schools and hospitals.
To achieve these goals, the representative of the firm explained that they will base their development on the model Open RAN. This open radio access technology or network is an architecture that aims to use of infrastructure and equipment from other companies already present in the market.
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By relying on third-party networks instead of installing its own physical infrastructure from scratch, the firm plans Dramatically reduce your initial capital expenditures. The proposed business model aims to stop seeing 5G as a traditional service and treat it as a software platform that provides direct access to insurance, banking services and retail.
Background to the award
The assumption of a former director of the financial entity ueno Bank as head of Nubicom Paraguay further exhibits the link between the awarded company and the business group close to Santiago Pena.
An investigation carried out by the CGR confirmed that the telephone company’s offer maintenance guarantee for $75,000 was issued in its favor precisely by ueno Bank in August of last year. Subsequently, an investigation carried out by ABC revealed that the legal administration of the Nubicom subsidiary in Paraguay was assumed by directors of the Vázquez Group.
Read more: Awarded with 5G by Conatel, it is directed by “friends” of Santi Peña
The Comptroller General of the Republic also determined that the National Telecommunications Commission (Conatel) granted the license to Nubicom Paraguay SA and the firm submitted its statutes and balance sheets two weeks late with respect to the deadline set in the bidding document, which was a reason for direct rejection.
The regulatory institution validated the company’s experience based in a simple sworn statementafter the Argentine authorities relied on statistical secrecy in the face of formal consultations on the real number of subscribers in the neighboring country.
The audit also revealed that Conatel applied a “favorable” financial interpretation by admitting the solvency of the company, despite the fact that its net worth in 2024 was less than the 10 million dollars demanded in the so-called.
Pending report
The Comptroller General of the Republic (CGR) was, until a few days ago, executing a Immediate Special Inspection (FEI) to Conatel, in order to review the progress of the tender.
In this regard, the president of Conatel, Juan Carlos Duarteconfirmed that they are monitoring progress in coordination with the CGR. He added that the work is being carried out successfully and in accordance with the deadlines provided in the specifications. Furthermore, he confirmed that until now There was no extension of deadlines by the companies awarded in this first 5G call (Nubicom and Claro).
Regarding the date of operationalization to the public, Duarte indicated that the implementation obligation will initially be for the telephone service, but that the deadlines for services such as television It will depend on the operations of the companies.
