Linzor Capital acquires Wi-Net Telecom, transforming telecommunications in Peru.

Grupo ON has made a significant announcement in the telecommunications sector in Peru by signing an agreement to sell 100% of its company Wi-Net Telecom S.A.C (Win) to Linzor Capital Partners. This move marks a milestone in the restructuring and asset optimization strategy of the Peruvian conglomerate, which has been present in the market since 2001 and has diversified its operations across sectors such as telecommunications, information technology, real estate, finance, and infrastructure development. The acquisition of Win by Linzor Capital Partners will be financed through a consortium led by the firm's latest fund, Linzor IV, along with co-investors from both local and international backgrounds. This financing strategy underscores Linzor's confidence in Win's growth potential, which is dedicated to providing residential telecommunications services in Peru. In statements from Linzor, it was highlighted that the capital for the acquisition will be provided by a group of five of the largest banks in Peru, reinforcing the solidity of the transaction. This capital injection will not only facilitate the purchase but also allow Linzor to make significant improvements to Win's infrastructure and customer service. This acquisition agreement is not an isolated event in Linzor Capital Partners' strategy. In fact, it marks the firm's second foray into the telecommunications sector, following its successful investment in Mundo, a company that has experienced remarkable growth under its management. During Linzor's ownership period, Mundo managed to triple its fiber optic network and consolidate its market presence, setting an encouraging precedent for Win's future under the new owner. From Grupo ON's perspective, this transaction represents an opportunity to redirect its efforts and resources towards enhancing its corporate digital infrastructure. Although Win Empresas S.A.C was not part of the sale, Grupo ON has expressed its intention to strengthen its position in the business market, focusing on areas such as cybersecurity, cloud computing, and data center development. This reflects a strategic approach aimed at capitalizing on its experience in the Peruvian business sector. The change in ownership of Win also has significant implications for the telecommunications market in Peru, in a context where competition is intense and demand for quality services is rising. Linzor's entry could mean a revitalization of the services offered by Win and a positive impact on user experience, something that many consumers have been eagerly anticipating. On the other hand, the recent election of a new board of directors for the Economy Commission in Peru raises questions about outstanding issues in the sector. The new board will need to tackle challenges such as regulating the telecommunications market, promoting foreign investments, and creating policies that encourage fair competition. The arrival of new players in the market, such as Linzor, could provoke a shift in the sector's dynamics, which would require special attention from regulatory authorities. It is clear that the recent transaction between Grupo ON and Linzor Capital Partners is just one of many moves in a constantly evolving sector. As companies adapt to new market demands and seek to improve their offerings, it is essential for authorities to work hand in hand with industry players to foster an environment conducive to growth and innovation. In summary, the sale of Win to Linzor Capital Partners represents a significant change in the telecommunications landscape in Peru. With a new owner and a renewed focus on service improvement, Win is expected not only to grow but also to contribute to the development of the sector in the country. Looking to the future, collaboration between the private sector and authorities will be crucial to facing upcoming challenges and maximizing the opportunities that arise in this dynamic market.