InterNexa, the wholesale fiber optic connectivity operator – a subsidiary of the Colombian ISA – is carrying out an exit plan from the Southern Cone, which includes Brazil, Argentina and Chile.
This Monday it announced the sale of its business in Argentina to Silica Networks, just over a year after doing the same in the first South American economy, to Megatelecom.
“The company’s divestment strategy was announced last year and each of the countries has its own process: Brazil, Argentina and Chile.”said the country manager for Chile, Carlos Giraldo, when consulted by DFSUD.
According to that plan, then Chile is the last of the three markets to sell.
In this regard, the executive pointed out that The firm in that market is in a “very good moment” in terms of financial results, “with an Ebitda of 40% in 2023 and growth close to 2% compared to the previous year. In the case of Chilean operations, it would go from 34% to 36%, which reflects our operational solidity.”
Despite this, Giraldo reaffirmed that “Today the company is taking a new direction and that implies changes in the business strategy”.
“This is a very ambitious commitment to further deepen the company’s position in the development and deployment of infrastructure, which enables the deployment of large connectivity projects in Colombia and Peru.”he added.
After thus confirming his departure from the local market, he explained that the projects it maintains “They will remain in the hands of InterNexa while the acquisition processes are carried out by local allies.”
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What does it have in Chile?
According to company information, InterNexa is the largest fiber optic operator in the country and provides its services to various industries and public organizations.
According to Giraldo, Since 2023, the firm has been developing “a strategy to connect the important data centers that have been installed, particularly in the Metropolitan Region and the Fifth Region.”
He explained that “This infrastructure, although it is available to the entire market, has been highly receptive by the large international OTTs, who move a lot of traffic between the centers and the rest of the country’s IP ecosystem, in which InterNexa is the main provider” .
At the moment, The firm has more than 57 thousand kilometers of terrestrial and underwater fiber optics in all its operations. In addition, it maintains more than 130 connected cities and 985 clients.
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Peru and Colombia
By leaving Chile, InterNexa will have a presence in Peru and Colombia, where they will seek to focus on the deployment of connectivity infrastructure.
According to the latest data provided by the company, In 2023, its operation in Peru increased its income by 5%. Added to this is that the fiber optic network is close to 5 thousand kilometers in that market.
In this regard, Giraldo pointed out that “The company plans an increase in investments of 68% by 2024 in both territories in which the context, the particularities of the connectivity infrastructure market and the synergies with electrical infrastructure are favorable for this new strategy”.
In detail, “We expect to invest close to US$ 29 million in both countries, as well as continue delivering data center and collocation solutions that provide secure storage, scalability and flexibility to OTT providers, and to provide continuity to the operation of companies in the mining and energy sector. ”.
That is to say, The focus will be “on the deployment of the infrastructure necessary for the development of the projects.”
Regarding Peru, he highlighted that it is a market that is growing in terms of new fiber optic operators, “which allows us to have great opportunities for growth and development in that country.”
Under the auspices of the new strategy, InterNexa proposed “ambitious goals” for the two remaining operations.
“Our goal is to be enablers of large connectivity projects in Colombia and Peru, under conditions of neutrality and competitiveness for all market players, in which agility and trust are key factors”he pointed.
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