EB Capital lines up seven ISP takeovers

摘要

Brazilian private equity fund EB Capital is poised to unveil a series of seven ISP takeovers between now and June, as it seeks to consolidate the country's fragmented regional fiber market. The transactions will account for around 80% of the BRL1.5 billion (US$268.1 million) war-chest that EB has set aside for telecoms M&A activity. The identities of the ISPs in question will only be revealed once the final contracts are signed and regulatory approvals have been received. Pedro Parente, CEO of EB Fibra, the company's broadband unit, told NeoFeed: 'With these acquisitions, we will reach one million subscribers and BRL1 billion in revenue by the end of 2021.'