Hard on the heels of recent news, reported here yesterday, that the long-anticipated sale of financially troubled Brazilian operator Oi’s fibre broadband unit ClientCo to fibre provider V.tal had gone ahead, the Brazilian market will soon gain a new fibre services player with the launch of Nio.
Nio is a new company whose aim is to provide fibre internet solutions for homes and small and medium-sized businesses (SMBs). It’s the result of the purchase of Oi Fibra's customer base, which numbers about 4 million subscribers distributed throughout the country.
Saying it will transforming people's relationship with internet operators in Brazil, Nio clams it will invest in technology, data intelligence and personalised and transparent service with consumer experience a priority.
However, it adds that, for Oi Fibra customers, nothing changes at this time. They will continue to receive service as normal, using the same services and customer service channels. Nio is preparing to start its operations in the coming months, when it will bring a new value proposition that, we are told, is unique to the market.
The transfer of Oi Fibra's customer base to Nio is a result of V.tal's purchase of ClientCo, completed on February 28. For Oi this was part of its ongoing corporate restructuring and asset disposal push.
Headquartered in São Paulo, with an office in Rio de Janeiro and regional sales points throughout Brazil, Nio will operate with independent management and governance from V.tal.
Nio will use the neutral V.tal fibre to the home (FTTH) network. V.tal operates as a neutral, wholesale fibre provider and can claim more than 22 million homes and small businesses covered with fibre in all regions of the country.
