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.