Vero Internet completes ISP takeovers, extends reach to 90 cities

26 Nov 2020

Brazilian operator Vero Internet has completed the back-to-back acquisitions of smaller regional rivals MKA Telecom, INB Telecom and Clic Rapido and plans to rebrand the acquired units on 30 November. As a result of the takeovers, Vero has expanded its footprint from 39 cities to 90 cities and grown its customer base from 134,000 to 325,000. New locations served are said to be situated in Santa Catarina, Parana and Rio Grande do Sul. Going forward, the company plans to reach more than 200 municipalities by 2023.

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

Brazil, Vero Internet