Brazilian regional operator Vero Internet has closed the purchase of Giganet, an ISP based in from Minas Gerais. According to TeleTime, the acquired company operates in six cities and serves approximately 46,000 subscriptions via its fibre-optic network. Giganet presides over a network comprising 2,200km of fibre-to-the-home (FTTH) infrastructure and a 120km backbone. The report notes that this deal is the 16th acquisition carried out by Vero since its formation in 2019.
TeleGeography notes that Vero Internet was created by Vinci Partners – an alternative investment platform specialising in asset management – back in January 2019. The National Telecommunications Agency (Agencia Nacional de Telecomunicacoes, Anatel) credited Vero with 252,157 fixed broadband subscriptions as of 30 September 2021. (Note: TeleTime suggests this figure increases to around 610,000 when including Vero’s multiple subsidiaries.)