Brazil's Desktop Sigmanet acquires Net Barretos

Brazil's Desktop Sigmanet acquires Net Barretos

Brazilian Internet Service Provider (ISP) Desktop Sigmanet (Sigmanet Comunicação Multimídia SA) has acquired Net Barretos, a small-scale broadband provider that serves the interior of Sao Paulo.

Net Barretos provides broadband internet services with fiber optic technology in the interior of the State of São Paulo, in the municipalities of Barretos, Bebedouro, Guaíra, Pitangueiras, Colina, Jaboticabal, Jaborandi, and region.

The acquisition is part of Desktop's strategy to grow through acquisitions using the capital raised (R$715 million) on the stock exchange in July. The transaction strengthens its presence in the State of São Paulo.

According to local media reports, the deal was signed by the company Starnet, which was also purchased by Desktop earlier this month. However, owners of Net Barretos stated that they are prevented from expressing themselves on the matter for contractual reasons.

Desktop also offers fixed telephony and pay-TV services. The company's fiber optic broadband plans range up to 500 Mega speed. According to company figures, more than 300,000 customers are served by its services.

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