UFINET enters Brazil with the acquisition of Netell Telecom, a high-quality fiber optic operator in São Paulo.
UFINET, one of Latin America’s leading international carrier of carriers, has entered into an agreement to acquire a majority stake in Netell Telecom, one of Brazil’s primary wholesale carriers. The agreement has been signed in June 2019, at the International Telecommunications Week (ITW).
With this acquisition, UFINET enters Brazil, one of the most important markets in Latin America. With NETELL’s network coverage in São Paulo’s metropolitan area and a broader regional reach, this acquisition will allow UFINET to better serve its global customers in Latin America. “We believe this is a very important step both for us and our customers. UFINET will leverage and expand NETELL’s network to offer to our global clients a suite of wholesale services of unparalleled quality and capillarity in Brazil, continuing the relentless growth of UFINET’s business in the Latin America Region” said Stefano Lorenzi, UFINET’s Executive Chairman.
NETELL has been well known for the resiliency of its network and the service quality that it delivers to its customers. “This transaction represents an important milestone for our group. NETELL has always delivered an impressive service, with great human resources and long experience in the market, which makes it a perfect match for us. This will definitely leverage our growth in Latin America.” UFINET’s CEO Iñigo García del Cerro commented.
NETELL’s and UFINET’s strategies have been fully aligned in the past and they will continue their combined development in the future. “UFINET is a great operator and has a very clear strategy for growth. I am sure we will make a great team and the combined company will further expand” – NETELL’s President and Owner, Wagner Rapchan, added.