Business

Brazil internet provider Brisanet files for IPO

The offering will be coordinated by Banco Santander, XP, BTG Pactual and UBS BB, a partnership between UBS and Banco do Brasil

Fiber optic cables. Photo: REUTERS/Alessandro Bianchi
Ler em português
  • The firm operates in 96 cities in the nation’s northeastern region;
  • Its subsidiary Agility Telecom serves 251 municipalities.

Brazilian internet service provider Brisanet has registered for an initial public offering, according to documents published by national securities regulator CVM on Wednesday, in what could be one of the nation’s biggest telecom IPOs in recent years.

READ ALSO: Brazil joins Chile in building first fiber optic cable to connect S. America and Asia

The company describes itself as the biggest independent fiber optic internet provider in Brazil. It operates in 96 cities in the nation’s northeastern region, and its subsidiary Agility Telecom serves 251 municipalities. Overall, it has 14,400 kilometers (8,948 miles) of fiber-optic backbone.

READ ALSO: Brazil expects 5G auction for next month – minister

The offering will be coordinated by Banco Santander, XP, BTG Pactual and UBS BB, a partnership between UBS and Banco do Brasil.

Get the best insights about Latin America market in your inbox