Telefônica Brasil Buys Bigger Stake in FiBrasil to Speed Up Internet Expansion
Telefônica Brasil, which runs the Vivo brand, has agreed to buy a 50% stake in FiBrasil from Canadian investor CDPQ for R$850 ($50) million.
This deal will give Telefônica Brasil a 75% share in FiBrasil, while Telefónica Infra will keep the other 25%. The purchase still needs approval from Brazil’s competition and telecom regulators.
FiBrasil builds and manages fiber optic networks that many internet providers can use. By the end of 2024, FiBrasil’s cables reached 151 cities and 4.6 million homes.
Telefônica Brasil’s own network covers 30 million homes and businesses in 444 cities, serving 7.2 million fiber customers. This move means Telefônica Brasil will have more control over where and how fast new fiber networks are built.
The company wants to bring high-speed internet to more towns, especially in places where good connections are still rare. FiBrasil’s model lets smaller internet companies use its cables, which helps more people get online without each company digging up streets for new wires.
The R$850 million price tag shows how valuable fast, reliable internet is in Brazil. Telefônica Brasil’s decision to buy a bigger share in FiBrasil gives it an edge in a market where more people need strong internet for work, school, and business.
This deal matters because it could shape how quickly and widely Brazilians get access to better internet. More control over FiBrasil helps Telefônica Brasil expand faster and serve more people, which is key for Brazil’s economic growth and digital future.
More: Brazil news in English, every day from The Rio Times.
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-0.74%
204,302.33
-0.74%
65,312.46
+0.52%
10,999.64
-1.47%
2,824,123
-2.51%
2,534.92
-2.09%
60,766.81
-1.71%
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| IBOV | 204,302.33 | -0.74% | +21.85% | 205,835.29 | 168,310 | 167,142 | — |
| USD/BRL | 5.16 | +0.01% | -5.13% | 5.16 | 5.18 | 5.14 | — |
| SELIC | 14.00% | — | — | — | — | — | |
| PETR4 | 41.64 | -0.05% | +35.19% | 41.66 | 41.97 | 41.15 | 41,499,400 |
| VALE3 | 72.97 | +0.83% | +30.75% | 72.37 | 73.54 | 72.66 | 17,658,000 |
| ITUB4 | 38.60 | -1.03% | +4.57% | 39.00 | 39.34 | 38.39 | 29,487,800 |
| BBDC4 | 16.85 | +0.36% | +3.50% | 16.79 | 16.90 | 16.67 | 19,416,900 |
| BBAS3 | 19.37 | +0.47% | +0.73% | 19.28 | 19.44 | 19.16 | 11,069,200 |
| B3SA3 | 14.26 | -0.21% | +12.73% | 14.29 | 14.47 | 14.11 | 33,037,800 |
| ABEV3 | 14.89 | -0.80% | +21.91% | 15.01 | 15.07 | 14.81 | 16,453,100 |
| WEGE3 | 47.59 | +0.49% | +29.99% | 47.36 | 48.08 | 47.36 | 3,364,600 |
| PRIO3 | 59.14 | -0.19% | +50.67% | 59.25 | 59.81 | 58.74 | 3,325,600 |
| SUZB3 | 41.33 | +2.35% | -23.55% | 40.38 | 41.48 | 40.35 | 3,914,900 |
| RENT3 | 34.68 | -0.09% | +0.84% | 34.71 | 34.96 | 34.35 | 7,979,100 |
| AZZA3 | 15.89 | -2.63% | -53.76% | 16.32 | 16.42 | 15.82 | 1,330,300 |
| CSNA3 | 4.30 | +0.47% | -42.65% | 4.28 | 4.41 | 4.26 | 10,076,100 |
| GGBR4 | 24.69 | +2.19% | +51.38% | 24.16 | 24.85 | 24.18 | 7,047,600 |
| ENEV3 | 24.21 | -1.38% | +70.49% | 24.55 | 24.64 | 23.99 | 9,297,000 |
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