Private equity firm Linzor Capital Partners, along with its co-investors and partners, has purchased 100% of triple-play provider Pacifico Cable, which offers services under the Mundo Pacifico brand. The financial terms of the acquisition were not made public. In a statement from the fund, Linzor noted that it made the investment in partnership with Spanish investment group Teras Capital, which it described as specialising in the industry. No further details of the partnership were disclosed, however. Pacifico’s services are provided over a mixture of cable and fibre-to-the-home (FTTH) infrastructure, with the company now claiming that its network passes over a million homes, with more than 11,000km of fibre installed to date. Linzor went on to say that its entry will enable Pacifico to continue expanding its network and product offerings, with MD Tim Purcell adding that: ‘FTTH is the future to deliver high-speed internet to homes. We see a large growth opportunity for Mundo Pacifico in Chile.’
Pacifico CEO Enrique Coulembier Picchi, meanwhile, was quoted as saying of the deal: ‘We are thrilled with the entrance of Linzor and their partners. The support of its team and its financial capabilities will allow us to strengthen our operations and accelerate our growth. We will continue working diligently to bridge the digital gap in Chile, delivering a high quality service to our clients at a fair price’.
According to TeleGeography’s GlobalComms Database, Pacifico is Chile’s fifth-largest broadband provider and claimed 5.7% of the nation’s broadband market in March 2019, up from 4.0% twelve months earlier, with that figure estimated to have increased to 6.0% by end-June 2019.