AmericaNet seals takeover of ConectCor Telecom

Brazilian Internet service provider AmericaNet has sealed the takeover of fellow ISP ConectCor Telecom.

The acquisition of ConectCor is set to add 33,000 active subscriptions to Sao Paolo-based AmericaNet, according to local publication Fusoes & Aquisicoes.

ConectCor Telecom operates across 13 municipalities inside Sao Paolo and offers fixed broadband, fixed voice, and pay-TV services to its customers.

Terms of the transaction were not disclosed, but negotiations were supported by boutique M&A firm IT Investimentos, which also worked with AmericaNet over the takeover of Goiás-based Opyt late last month.

The acquisition of Opyt last month has enabled AmericaNet to expand its operations in the mid-west of the country, with Opyt operating its services, which includes Fiber-to-the-Home (FTTH), in 16 cities serving around 50,000 subscriptions.

F&A notes that Brazil’s National Telecommunications Agency (otherwise known as Anatel) estimates AmericaNet has more than 500,000 customers, as of August 2022. Data Center Dynamics