Bolivian telephony cooperative Cotel offers fixed telephony, internet, pay-TV services, where it has a monopoly, and triple-play services in capital La Paz. The company's portfolio also includes VoIP services. The fixed telephony segment includes residential fixed services as well as rural and public telephony. In 2008 the company entered the pay-TV segment after the acquisition of local provider ITS. Cotel was founded in 1942 and is based in La Paz, where it has 40,000 cable TV subscribers.