Brasil TecPar strengthens operation with acquisition of majority stake in OnNet
This is an automated translation of the original release published in Portuguese.
By Brasil TecPar
Brasil TecPar has just acquired 51% of the operations of OnNet, a major telecommunications provider headquartered in Patos de Minas (MG), further consolidating its position in the connectivity and digital services market. Valued at R$55.84 million, the investment reinforces Brasil TecPar’s commitment to expanding its national presence.
This move strengthens Brasil TecPar's consolidation strategy in Minas Gerais, expanding its operations in the Triângulo Mineiro region and increasing its portfolio with approximately 57,000 active connections in 16 strategic municipalities in the Northwest of Minas Gerais, Alto Paranaíba and Triângulo Mineiro. The conclusion of the transaction depends on the fulfillment of the conditions set forth in the Acquisition Agreement, and the Company will keep shareholders and the market informed about the progress of the transaction.
OnNet offers everything from internet access and connection to infrastructure rental and value-added networks, strengthening Brasil TecPar's presence in the B2C market.
According to Gustavo Stock, CEO of Brasil TecPar, “The acquisition of OnNet represents a significant step forward, reinforcing our presence and our commitment to a solid and quality connectivity infrastructure. We remain steadfast in our purpose of being one of the largest and best connectivity companies in the country.”
Brasil TecPar, with 29 years of experience and over 50 acquisitions in the sector, continues to expand its operations throughout Brazil. This year alone, the company acquired Alt-GGNet, from the South, and Nova Telecom, from Belo Horizonte, reaffirming its commitment to accelerated growth and its purpose, offering connectivity and innovation to residential and corporate customers throughout the country.
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