São Paulo skyline at night
São Paulo skyline at night

Technology and services

Funding the growth of a top five internet service provider in Brazil

Macquarie Capital invested $R300 million in Brasil TecPar, one of the largest internet service providers in Brazil

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SectorTechnology and services
Sub sectorDigital connectivity
LocationAmericas

Opportunity

Brasil TecPar is one of the largest internet service providers in Brazil with 1.1 million connected subscribers1 and a commitment to technological innovation, research and development.

Founded in 1995 and headquartered in São Paulo, Brasil TecPar is a fast-growing technology platform providing a range of technology and connectivity services to commercial and residential customers in eight Brazilian states.2 It manages approximately 182,000 kilometers of fiber optic networks, capable of reaching more than 4.4 million households.3

The company has emerged as one of Brazil’s fastest-growing internet service providers (ISPs).4 It is currently ranked among the top five providers in the fiber-to-the-home (FTTH) market5 by revenue and aims to be among the five largest connectivity and technology companies in Brazil by 2027.

Brasil TecPar has played an active role in the consolidation of Brazil's fragmented internet, technology and telecom market, completing 57 acquisitions since 2018.6 In doing so, it is helping to mature and strengthen the delivery of telecommunications solutions and bridge the digital divide.1


Approach

Leveraging its deep expertise in the technology sector and experience connecting ideas with capital to unlock long-term growth and drive innovation, Macquarie Capital invested $R300 million into Brasil TecPar to support further expansion of its optical fiber network and delivery of telecommunications solutions to customers.7

With Brasil TecPar’s strong position in the country’s growing telecommunications market, its ability to meet increasing demand for high-speed internet services, and a commitment to technological innovation, research and development, it was an attractive investment proposition for Macquarie.

Brasil TecPar will use the investment to expand its fibre platform and delivery of fixed broadband and telecom services to residential, corporate and government customers across Brazil. By providing strategic guidance and capital, Macquarie Capital is supporting Brasil TecPar in scaling its operations, optimizing its capital structure and accelerating its consolidation strategy to acquire additional ISPs and enhance its growth in key urban areas.

Outcome

With Macquarie Capital’s flexible balance sheet investment, deep digital infrastructure expertise and ongoing strategic support, Brasil TecPar is well-positioned to strengthen its market leadership in Brazil’s FTTH sector.

The new capital infusion will allow Brasil TecPar to expand its network footprint, improve service delivery and enhance its ability to meet the needs of residential, corporate and government customers across mature markets.

Building on this momentum, Brasil TecPar is actively executing its market consolidation strategy to accelerate growth. The company plans to acquire additional ISPs and broaden its presence in key urban areas, to further strengthen its competitive position. With the backing of Macquarie Capital, Brasil TecPar aims to streamline operations and make high-quality broadband more accessible, helping bridge Brazil’s digital divide and drive inclusive connectivity nationwide.

Over 4.4 million

households passed

Over 1.1 million

subscribers

No. 1 ISP

across >50 per cent of market by fibre share

As Brazil advances in strengthening and consolidating its fiber optic network, we see significant opportunities for Brasil TecPar, given its extensive track record of successful acquisitions and strategic network expansions. This principal investment from Macquarie Capital will further strengthen its presence and contribute to expanding connectivity throughout Brazil.”

Kevin Nobels
Managing Director
Macquarie Capital Infrastructure and Energy team in Latin America, based in São Paolo

  1. Our business, Brasil TecPar, accessed August 2025
  2. Our markets, Brasil TecPar, accessed August 2025
  3. Annual Report, Brasil TecPar, accessed September 2025
  4. ‘How 2 Brazilian ISPs are doubling down on M&As and raising capital’, BNamericas, accessed September 2025
  5. ‘Spotlight: The investment priorities of Brazil's top 5 internet providers’, BNamericas, accessed September 2025
  6. ‘$300M Boost: Brasil TecPar Set for Rapid Growth in Fiber Optics’, The Rio Times, accessed September 2025
  7. ‘Macquarie invests A$80 million for stake in broadband operator Brazil TecPar’, iTWire, accessed August 2025

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