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.
UFINET is an international carrier of carriers in the Latin American wholesale telecom market, which provides dark fiber, capacity (wavelengths and ethernet), towering, colocation, VSAT, among other services. The firm is a MEF Carrier Ethernet 2.0 (CE 2.0) certified for E-LINE, E-LAN, E-TREE and E-ACCESS Capacity services. As a neutral optical fiber wholesale operator, it provides data connectivity services to operators and system integrators through fiber optic, both in small and large scale, with extensive fiber optic network in almost all countries in Latin America: Mexico, Guatemala, El Salvador, Honduras, Nicaragua, Costa Rica, Panamá, Colombia, Ecuador, Perú, Paraguay, Argentina, Chile and Brazil.
More than 55,000km of fully owned optical fiber deployed and over 21 years of experience is what makes us one of the favorites in Latin America.
Ufinet was received seven prestigious awards:
- MEF Award – Best Wholesale Service Provider of the Year CALA, 2017
- Carrier Community Global Award – Best LATAM Regional Operator of the Year, 2018
- MEF Award – Best Service Provider of the Year CALA, 2018
- Frost & Sullivan – Best Practices Award: Latin American Fiber Optic Wholesale Network Services Company of the Year, 2018
- CV Magazine – Corporate Excellence Awards: Multinational Telecommunications Company of the Year, 2018
- Carrier Community Global Award – Best “Connecting the Unconnected” Operator, 2019
- The Technology Era – Most Admired Companies to Watch, 2019
The firm was born in 2002 as an Internet Service Provider, and has evolved into one of Brazil’s leading backbone network providers. Netell is one of Brazil’s premier providers of bandwidth infrastructure, offering wholesale services to a wide range of local and international customers. Netell’s network consists of 500+ km of fully owned fiber optic and 1,300+ km of off-net network. The company also has presence in the main IXPs of São Paulo, that connect the most relevant companies in the sector.