Updated
Updated · Telecompaper EN · Jun 22Alares Internet Buys Oquei Telecom Group for BRL 189 Million
1 articles · Updated · Telecompaper EN · Jun 22Summary
- BRL 189.0 million is the agreed price for Alares Internet to acquire the Oquei Telecom group, a Brazilian regional ISP operation.
- BRL 75.6 million will be paid at closing, with the remaining balance scheduled across 10 semi-annual installments.
- The deal covers four companies in the group: Oquei Telecom, Oquei Tecnologia, Oquei BR Telecom, and Oquei BR Tecnologia.
Insights
As regional ISPs merge, will Brazilian consumers ultimately face fewer choices and higher internet prices? Amid Brazil's M&A frenzy, are ISPs ignoring massive cybersecurity risks for the sake of rapid growth? With a new satellite partnership, why is Alares doubling down on acquiring traditional fiber networks?