Vero Internet to acquire MKA Telecom

7 Jul 2020

Minas Gerais-based ISP Vero Internet has agreed a takeover deal for smaller rival MKA Telecom. The latter company, which is based in Sao Miguel do Oeste, in Santa Catarina, serves 45,000 subscribers across 23 municipalities in the Southern Region (Parana, Santa Catarina and Rio Grande do Sul). The deal is expected to close later this month, while the value of the transaction has not been disclosed.

TeleGeography notes that Vero Internet was created by Vinci Partners, an alternative investment platform specialising in asset management, back in January 2019. The telco comprises the combined assets of eight ISPs in Minas Gerais, namely BD OnLine, NWNet, Efibra, PowerLine, G4 Telecom, Viaceu, ViaReal and City10. Vero Internet currently serves 180,000 customers in 49 cities.

Brazil, Vero Internet