Telefónica Brasil, a subsidiary of TEF, confirmed on Wednesday that it is “in talks” to buy Brazilian operator Desktop, although at the moment there is no definitive decision or formalisation of a deal. The company has assured that it is constantly analysing market opportunities and investments aligned with its strategy and has committed to keep its shareholders duly informed of any move.
For its part, Desktop has reiterated that at this time, there is no definition of terms and conditions for any potential transaction with any counterparty, although it has admitted that discussions with Telefónica Brazil have begun. It has also assured that if the transaction goes ahead, it will be duly disclosed to the market and submitted to the relevant corporate approvals.
Desktop is a Brazilian company with more than 25 years of experience that operates in the state of São Paulo, where it is present in more than 180 inland and coastal cities and has 1 million active customers, a level it reached in October 2023. The company has more than 55,000 kilometres of fibre optics throughout the territory in which it operates, and has a workforce of around 4,000 employees.
The company’s objective is to provide the best connection experience, offering high speeds with 100% fibre optic technology, and guaranteeing the highest level of service excellence.
