Claro Acquires Desktop ISP for R$4.0 Billion, Adding 1.2 Million Subscribers
América Móvil subsidiary Claro agreed to acquire São Paulo ISP Desktop for R$4.0 billion (c.$750 million) including debt, implying R$20.82 per share. Desktop’s fiber network serves over 1.2 million subscribers across 200 cities with 58,000 km of fiber, enhancing Claro’s broadband footprint pending regulatory approvals.
1. Transaction Terms and Valuation
Claro agreed to acquire São Paulo–based ISP Desktop for R$4.0 billion (c.$750 million) including net debt, implying R$20.82 per share. The all-cash transaction is subject to customary conditions and final approval from Brazilian regulatory authorities.
2. Network Expansion and Subscriber Growth
Since its IPO in February 2021, Desktop has expanded from 150,000 to over 1.2 million subscribers across more than 200 cities in São Paulo. Its fiber network spans over 58,000 km, covering approximately 4.8 million homes passed.
3. Strategic Rationale for Claro
The acquisition enhances Claro’s fixed broadband footprint in Brazil’s largest state, bolstering its fiber platform and accelerating market share gains. It aligns with América Móvil’s strategy to integrate high-speed connectivity assets and diversify its service offerings.
4. Integration and Approval Outlook
Post-closing, Claro will integrate Desktop’s operations and infrastructure into its existing network. The deal timeline depends on regulatory review, with completion expected after obtaining antitrust clearance.