LAVCA VC
  • News Feed
  • VC Data
  • Directories
  • Features
  • Tech Growth Coalition
  • LAVCA Gender Diversity
  • Engage
    • VC Council
    • VC Members
  • LAVCA
  • Member Login
  • Member Access

LAVCA VC

  • News Feed
  • VC Data
  • Directories
  • Features
  • Tech Growth Coalition
  • LAVCA Gender Diversity
  • Engage
    • VC Council
    • VC Members
  • LAVCA

EB Capital Acquires Stake in Mob Telecom

19 August 2020

Brazil-based EB Capital has acquired a controlling stake in Mob Telecom, a regional B2B operator. Financial terms of the transaction were not disclosed.

(Telecom News) Sao Paulo-based EB Capital has acquired a controlling stake in regional B2B operator Mob Telecom. According to TeleSintese, the current owners will retain a minority stake in the business. Mob Telecom, which was founded in Fortaleza in 1996 under the BaydeNet name, boasts a 20,000km fibre network which spans Amapa, Para, Maranhao, Piaui, Ceara, Rio Grande do Norte, Pernambuco, Paraiba, Alagoas and Bahia. With the acquisition, the fund expects to expand its networks to the North and Northeast of Brazil.

EB Capital, which is run by Eduardo Sirotsky, Fernando Iunes, Luciana Antonini and Pedro Parente, already owns a 60% stake in another regional operator, Sumicity. The takeover deal was agreed in December 2018 and concluded in April 2019. Sumicity operates fibre networks in Rio de Janeiro and Minas Gerais.

EB Capital Acquires Stake in Mob Telecom was last modified: November 10th, 2020 by csantos
B2BEb CapitalInvestmentMob TelecomPrivate CapitalPrivate EquityStake
0
Facebook Twitter Google +

Tech Growth Membership

The 2023 LAVCA Startup Founders Survey is made possible thanks to the support of LAVCA’s Tech Growth Membership, a group of leading tech companies and investors advancing the tech ecosystem in Latin America including AWS, Mercado Libre, Microsoft, Qualcomm Ventures, SVB, Riverwood Capital, Google and Movile.

VC Partner Events

    Tweets

    Missing consumer key - please check your settings in admin > Settings > Twitter Feed Auth

    Submit VC News

    Have private equity or venture capital related news that you would like to share? Submit your press releases and news to [email protected].

    VC Industry News

    • Valor Capital Group and NFX Co-Lead USD9.3m Series A for Brazil’s Praso

      30 August 2023
    • EQT Growth Leads USD85m Series F for Brazil’s Gympass at USD2.2b Valuation

      23 August 2023
    • Tiger Global Leads USD61m Series B for Brazil’s Nomad 

      22 August 2023
    • NASZCA and IDB Invest Lead USD15.5m Series A for Mexico’s Wonder Brands

      17 August 2023
    • Victory Park Capital Provides USD100m Credit Facility for Mexico’s Klar

      15 August 2023
    • General Catalyst Lead USD45m Series B for Brazil’s Tractian

      7 August 2023
    • General Catalyst Leads USD45m Round for Brazil’s Tractian

      7 August 2023
    • ADQ Provides USD100m In Convertible Debt to Brazil’s Loft

      2 August 2023
    • Danish SDG Investment Fund Leads USD31.5m Series C for Mexico’s Bright  

      27 July 2023
    • Colombia’s Foodology Raises USD17m from Andreessen Horowitz, 30N Ventures and Chimera

      19 July 2023

    About LAVCA

     

    LAVCA is the Association for Private Capital Investment in Latin America, a not-for-profit membership organization dedicated to supporting the growth of private capital in Latin America and the Caribbean through research, education, networking and advocacy.

    LAVCA Office

        New York City:
        589 8th Ave, 18th Floor
        New York, NY 10018

    Explore LAVCA.org

    • About LAVCA
    • Board, Team, & Advisors
    • Media
    • Contact Us
    • Membership Benefits
    • Members Only Access
    • Education and Programs
    • Research
    • Policy
    • LAVCA VC
    • Contact Us

    @2020 - LAVCA. All Rights Reserved.


    Back To Top