Linzor Capital Partners acquires Wi-Net Telecom and boosts telecommunications in Peru.

Grupo ON has taken a significant step in its business strategy by announcing an agreement with Linzor Capital Partners for the sale of Wi-Net Telecom S.A.C (Win). This transaction represents not only a change in ownership of one of the most important residential telecommunications companies in Peru but also a glimpse into the growth prospects in a sector that has been key to the country’s technological development. Linzor Capital Partners, in its statement, confirmed that the acquisition of 100% of Win will be financed by a consortium led by its latest fund, Linzor IV. This group of investors includes both local and international institutions, highlighting confidence in the growth potential of the telecommunications sector in Peru. The involvement of five of the largest banks in the country in the financing reflects the strength of the operation and interest in the market's evolution. Linzor's entry into the telecommunications sector is not surprising, given that the firm previously invested in Mundo, a company that has had a successful track record in the fiber optic internet domain. Under Linzor’s management, Mundo has tripled its fiber optic network and has established itself as a significant player in the market, suggesting that a similar strategy could be replicated with Win, generating opportunities for expansion and service improvement. Grupo ON, for its part, is characterized as a diversified conglomerate with a presence in multiple sectors, such as telecommunications, information technology, real estate, finance, and infrastructure development. With over two decades of experience, the company has demonstrated its ability to adapt to market demands and seek new growth opportunities. It is important to note that the transaction does not include Win Empresas S.A.C, suggesting that Grupo ON will maintain its focus on the corporate telecommunications segment. The company has expressed its commitment to continue investing in improving digital infrastructure for businesses in Peru, an area that it clearly considers its greatest strength. The announcement of this transaction also takes place in a broader context, where the Commission of Economy has elected a new board of directors. This change could influence the regulation and development of telecommunications in the country. The new directors will face the responsibility of addressing various pending issues, such as the expansion of telecommunications infrastructure and promoting competition in the sector. Interest in the telecommunications sector has intensified in recent years, especially considering the increased demand for high-speed internet services and the digitalization of businesses. Investments in this area are crucial to ensure that Peru can keep pace with technological advancements and user expectations. As the country continues to face challenges in its digital infrastructure, Linzor's arrival and its investment plan for Win could be a determining factor in strengthening the market. This could result in a considerable improvement in services and an increase in competitiveness among different providers. In summary, the sale of Win to Linzor Capital Partners not only represents a change in ownership but also opens the door to new development opportunities in the telecommunications sector in Peru. With a clear focus on expanding and improving infrastructure, both Linzor and Grupo ON are well-positioned to contribute to the country’s technological growth. The evolution of this transaction will be closely monitored by market participants, as well as those interested in the future of telecommunications in the region.