Brazilian telecommunications company Algar Telecom has completed the purchase of 100% of the share capital of Vogel Telecom. The operation was announced in May this year.
Brazilian regulator authorises the purchase of Vogel by Algar developingtelecoms.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from developingtelecoms.com Daily Mail and Mail on Sunday newspapers.
Algar weighs infra bonds for Vogel acquisition
Algar weighs infra bonds for Vogel acquisition Brazilian telco could issue tax-exempt debentures in the local market to fund the $115 mln purchase of the São Paulo-based B2B peer, CFO says
DebentureDebtM&ATelecomsCapital MarketsBrazil Brazilian telecommunications company Algar Telecom could issue tax-exempt infrastructure debentures to finance the acquisition of business-to-business telco Vogel Telecom, CFO Túlio Abi-Saber told LatinFinance on Monday. This issue is a possibility that may be used. It has been seen as part of an expansion and modernization project of data communication network to provide internet and voice access, he said.
Brazilian operator Algar acquires compatriot Vogel Telecom developingtelecoms.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from developingtelecoms.com Daily Mail and Mail on Sunday newspapers.
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Vogel Telecom has partnered with Ciena to deploy Sao Paulo’s first 800G optical network.
The wholesale and B2B provider will use the network to support customers in delivering high-quality cloud, edge computing, video streaming and gaming experiences.
Using Ciena’s leading coherent optical platform, Vogel can transport the most capacity over a single wavelength and remotely turn up capacity quickly and easily as needed through Ciena’s pay-as-you-grow model.