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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InH.I.G. Capital has officially announced a definitive agreement to sell its portfolio company, Desktop, to the telecommunications giant Claro. Desktop operates as a prominent internet service provider in the Brazilian market, offering high-speed broadband solutions. This acquisition represents a strategic expansion for Claro, which is one of the largest telecommunications operators across Latin America. For H.I.G. Capital, the transaction marks a successful exit from its investment in the regional ISP sector. The deal highlights the ongoing consolidation within Brazil's competitive broadband industry. Market analysts view the move as a positive step for Claro’s parent company, América Móvil, in strengthening its regional market share.