Linzor Capital Partners acquires FTTH provider Win in Peru

Regional investment fund Linzor Capital Partners (Linzor) has entered into an agreement with Grupo ON to acquire 100% of Wi-Net Telecom, a Peruvian residential fixed-line services company operating under the Win brand. The company offers high-speed Internet services to approximately 527,000 customers via a proprietary FTTH network covering approximately 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 growth opportunities and positive development impact, Linzor said, noting that this acquisition aligns with its strategy of investing in underserved markets.

“WIN is an excellent platform to develop 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 telecommunications provider in Chile, which it sold to international fund Digital Bridge in 2021. Under Linzor’s ownership, Mundo has tripled its fiber network, improved brand awareness and consolidated its position, the official statement said.

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Acquisition Financing Details

The capital required for the acquisition will be provided by a consortium led by the company’s latest fund, Linzor IV, alongside local and international co-investors. Five major Peruvian banks are financing the acquisition, the company said.