Brazilian regional ISP Vero Internet has announced that it has sealed a takeover agreement for 100% of the capital of smaller rival Renovare. The latter company is based in Dois Irmaos (in Rio Grande do Sul), and operates in Serra Gaucha and Vale dos Sinos. It currently serves approximately 35,000 broadband subscriptions, of which around 30% are corporate clients. Renovare presides over a fibre-to-the-home (FTTH) network that passes 170,000 homes in 17 cities and also operates a 1,500km backbone that connects 50 cities.
Vero notes that the transaction represents its 17th consecutive ISP takeover deal. Upon closing Vero will have a FTTH network that covers a total of 194 towns and cities.