Regional private equity firm Linzor Capital Partners (Linzor) has reached an agreement with Grupo ON to acquire 100 percent of Wi-Net Telecom, a Peruvian residential fixed services company operating under the Win brand. The company offers high-speed broadband internet services to approximately 527,000 clients through a proprietary FTTH network covering around 3 million homes.
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Expansion of Fixed Services in Peru
WIN operates in a country with one of the lowest broadband penetration rates in the region, presenting significant opportunities for growth and a positive developmental impact, Linzor said noting that this acquisition aligns with its strategy of investing in underserved markets.
"WIN is an excellent platform to expand fixed residential services in Peru, and we are excited about the growth potential of this investment," commented a Linzor Partner who led the transaction.
This is Linzor's second acquisition in the sector, following its investment in Mundo, a telecom provider in Chile, which it sold to the international fund Digital Bridge in 2021. During Linzor's ownership, Mundo tripled its fiber network, enhanced its brand recognition, and solidified its position, the official release said.
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Acquisition Financing Details
The capital for the acquisition will be provided by a consortium led by the firm’s latest fund, Linzor IV, alongside local and international co-investors. Five major Peruvian banks are providing the acquisition financing, the company said.
