Vivo (VIVT3) Purchase Fiber Optical Company Slim for R $ 850 million

Vivo (VIVT3) Purchase Fiber Optical Company Slim for R $ 850 million

Dividends Vivo Vivt3 (Image: Rafael Borges/Money Times)

THE Alive (VIVT3) bought the slice of 50% of the Canadian group La Caisse at Fibrasil, a company that operates in the segment of fiber opticfor $ 850 million, shows document sent to the market this Thursday (10).

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According to the statement, with the purchase, Vivo will be determined 75% of the company’s sharesconsidering a subscription bonus.

The other 24% belong to Infra SL telephonea telephone subsidiary – which also controls Vivo – dedicated to the management of telecommunications infrastructure.

At the end of 2024, Fibrasil was present in 151 cities, with 4.6 million homes past.

“The company will continue to expand its presence in the fiber optic market, focusing on improving the customer experience,” said Vivo.

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The transaction still depends on certain preceding conditions, such as the approval of the Administrative Council for Economic Defense (Cade) and the National Telecommunications Agency (Anatel).

High optic fiber

With the acquisition, Vivo expands its flexibility to evaluate new opportunities for expansion in the fiber market.

Today, the company covers about 30 million households and companies, distributed in 444 cities, and has 7.2 million connected customers.

Fiber optics is one of the main investment bets of operators and is seen as a growth avenue by analysts.

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In this week’s report, XP raised the target price of the operator, citing FTTH strategy (Fiber to the home) – Internet connection by fiber optic cables that carry the signal directly to the user’s residence.

Already in the first quarter of 2025, the operator accelerated the implementation of the fiber, with estimated growth of 12.9% in household coverage.

Vivo’s goal was to reach 24 million fiber households by the end of 2024, using the infrastructure provided by Fibrasil.

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Source: Moneytimes

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