UFINET acquires majority stake in Netell Telecom

25 June 2019 | Natalie Bannerman

Cover

UFINET, one of Latin America’s leading international carrier of carriers, has entered into an agreement to acquire a majority stake in Netell Telecom, one of Brazil’s primary wholesale carriers.

“We believe this is a very important step both for us and our customers. UFINET will leverage and expand NETELL’s network to offer to our global clients a suite of wholesale services of unparalleled quality and capillarity in Brazil, continuing the relentless growth of UFINET’s business in the Latin America Region” said Stefano Lorenzi, UFINET’s executive chairman.

The agreement was signed during International Telecommunications Week (ITW) and enables UFINET to enter the Brazilian markets, one of the most important in Latin America. Additionally, with NETELL’s network coverage in São Paulo’s metropolitan area and a broader regional reach, this acquisition will allow UFINET to better serve its global customers in Latin America.

“This transaction represents an important milestone for our group. NETELL has always delivered an impressive service, with great human resources and long experience in the market, which makes it a perfect match for us. This will definitely leverage our growth in Latin America,” added Iñigo García del Cerro, UFINET’s CEO.

“UFINET is a great operator and has a very clear strategy for growth. I am sure we will make a great team and the combined company will further expand,” continued Wagner Rapchan, NETELL’s president and owner.