Some fiber changed hands at ITW this week down in South America. UFINET has signed an agreement to acquire Netell, entering Brazil for the first time.
Netell is an ISP and backbone provider that operates over 1800km of fiber, 500+km of which is fully owned, connecting up the major markets of Brazil. Those assets will complement UFINET’s infrastructure in other Latin American markets, which includes extensive metro coverage in central America and Colombia as well as substantial network in Paraguay and Mexico and nodes in Argentina and Chile.
The Brazilian market is the biggest in Latin America, and therefore is an obvious expansion target for UFINET, and Netell gives them a starter set from which they can add depth. They might do that organically of course, but I’ll bet they are in the market for other infrastructure in Brazil to complement this purchase.
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