Algar Telecom has announced that it has completed its previously agreed takeover of regional B2B player Vogel Telecom. A post on the official company blog explains: ‘The acquisition of Vogel Telecom represents a step in strengthening Algar’s geographic expansion. This is done through the offer of integrated Telecom and IT solutions, with a focus on the B2B segment. This represents more than 60% of Algar Telecom’s business nationwide. With this [acquisition], the company now has a total of more than 110,000km of fibre, which extends from the northeast to the extreme south of the country.’
As previously reported by TeleGeography’s CommsUpdate, in May this year Algar Telecom agreed to acquire Vogel Telecom in a deal worth BRL600 million (USD114.5 million). The takeover has been carried out via Algar’s wholly owned Algar Solucoes unit. Vogel Telecom is present in 150 cities across 13 states and the Distrito Federal and presides over a fibre-optic network that spans 27,000km.