Chilean fibre to the home provider Mundo has been sold to private equity group Digital Bridge, by owners Linzor Capital Partners and minority shareholder Teras after picking up the company in 2019.
Linzor Capital said it had invested and built up Mundo since acquiring in September 2019 to have one of the largest FTTH networks in Chile, serving more than three million homes and 650,000 clients. This is triple its client base since the acquisition.
For its investment into Mundo, Linor bagged the social responsibility award from the Latin American private capital association LAVCA, a recognition of the strong purpose and social impact contained in its investment.
New owners Digital Bridge manages over US$40 billion in assets specialising in digital infrastructure investments, having invested globally in sectors such as cellular towers, data centres, fibre, small cells, and edge infrastructure.
“We were able to grow really fast, taking advantage of the opportunities that exist in FTTH. We are proud of our contribution to help reduce the digital gap in the country, by bringing high-speed fibre optic internet at competitive prices to many underserved locations where there was no connectivity.
"Mundo is now in great hands with its new shareholder Digital Bridge and the management team that remains in the company”, said Matias Gutierrez, partner at Linzor Capital Partners.