V.tal fibre passes 15m homes

22 Feb 2022

V.tal, the Brazilian fibre-optic infrastructure company spun off from Oi, has announced that it has reached the milestone of 15 million homes passed. The telco notes that the deployment is taking place at a rate of 460,000 homes passed per month. Going forward, V.tal seeks to reach 32 million homes with fibre by 2025, in a rollout that will ultimately cost in the region of BRL30 billion (USD5.9 billion).

According to TeleGeography’s GlobalComms Database, on 25 January 2021 Oi signed an exclusivity agreement relating to the sale of its fibre-optic InfraCo unit. The contract was signed with Globenet Cabos Submarinos, BTG Pactual Economia Real Fundo de Investimento em Participacoes Multiestrategia and other investment funds managed or controlled by the BTG Group.

The transaction was approved by the Administrative Council for Economic Defence (Conselho Administrativo de Defesa Economica, CADE) in November 2021, and InfraCo was duly renamed V.tal. Oi retains a minority stake in the venture.

Brazil, Oi, V.tal