Triple Play Brasil poised for IPO; acquires ISP Outcenter

25 Aug 2020

Sao Paulo-based regional operator Triple Play Brasil Participacoes (Conexao Fibra) has filed an initial public offering (IPO) request with the Securities and Exchange Commission of Brazil (Comissao de Valores Mobiliarios, CVM). The IPO coordinators have been named as Banco Itau, Merrill Lynch, Bradesco BBI and UBS. The group’s main shareholder is currently the investment fund ALAOF Brasil Midia Holdings, with 98.28% of the total capital; Gilbert Victor Minionis is named as the minority shareholder.

In other news, Triple Play has sealed the takeover of regional player Outcenter, which is reported to be its ninth takeover in recent years. Other subsidiaries include the likes of Cabo Telecom, Conexao Telecom, Direta, MEGA Sistemas, Multiplay Telecom and Tecnet. Triple Play notes that Outcenter accounted for 55,260 customers at the time of the transaction. The deal extends the group’s presence to six states; it now presides over a total of 8,000km of fibre-optics, with networks passing 1.1 million homes and businesses (898,000 homes passed pre-takeover). As of 30 June 2020 Triple Play Brasil’s various brands served a total of 330,000 residential and B2B subscribers.

Brazil, Triple Play Brasil Participacoes (Conexao Fibra)