08 September 2021

NB Telecom is based in Rio de Janeiro

Ufinet has agreed to acquire a majority stake in NB Telecom, a Rio de Janeiro-based carrier, for an undisclosed sum.

The move is Ufinet’s second acquisition in Brazil following its purchase of São Paulo-based Netell, in 2019.

This NB Telecom deal solidifies the company’s footprint into Brazil’s second-largest market and one of Latin America’s major business hubs.

“We believe this is a very important step both for us and our customers,” said Stefano Lorenzi, executive chairman at Ufinet.

Once the deal is completed, contingent on meeting the standard conditions of this type of transaction in Brazil, this agreement will mean the acquisition of a majority stake in NB Telecom and controlling interest by Ufinet. The closing of the transaction is expected to become effective in the coming weeks.

“This acquisition creates a major platform for our customers. We can now offer an international footprint connecting Rio de Janeiro to the Americas at an unprecedented level,” said Edgard Sanchez Leal and Pedro Augusto Oliveira Alves, co-founders of NB Telecom. “It has always been a dream to see our firm join efforts with such a globally respected organization as Ufinet.”

NB Telecom currently operates a fibre network of more than 500km connecting all major data centres, PoPs and business centres in the city of Rio de Janeiro.

According to the company, the transaction is due to close in the “coming weeks”’.