Latin American fibre-optic wholesaler UFINET has entered into an agreement to acquire a majority stake in NB Telecom, one of Rio de Janeiro’s leading carriers. The latter company currently operates a 500km fibre network which connects all major data centres, PoPs and business centres in the city. This transaction marks UFINET’s second acquisition in Brazil, following the takeover of Sao Paulo-based Netell in 2019. The deal is expected to close in the coming weeks.
TeleGeography notes that UFINET currently operates more than 75,000km of optical fibre in Mexico, Guatemala, El Salvador, Honduras, Nicaragua, Costa Rica, Panama, Colombia, Ecuador, Peru, Brazil, Paraguay, Argentina and Chile.