V.tal Acquisition, Valuation, Funding & Investors

V.tal was acquired by Banco BTG Pactual for $2.4B in May 2022.

See full V.tal profile

V.tal acquisition price

$2.4B

Acquired by Banco BTG Pactual · May 2022

Cumulative funding V.tal raised

$475M

across 1 funding round

Key investors in V.tal

  • CPP Investments

V.tal Overview

About V.tal

V.tal is a São Paulo-headquartered provider of digital infrastructure for telecom operators in Brazil. The firm manages fiber optic networks, data centers, and edge computing facilities supporting 5G rollout. V.tal connects over 10 million homes and businesses nationwide. Formed in 2020 from a joint venture of major telcos.


Founded

2021

HQ

BrazilSão Paulo

Status

Acquired

Customer focus

B2B

Revenue model

Usage-based

Valuation

$5B (Nov 2022)

V.tal Acquisition

V.tal was acquired by Banco BTG Pactual for $2.4B on 6 May 2022.

Before the acquisition V.tal had raised $475M across 1 funding round.

V.tal acquisition details
AcquirerDateTypePrice
6 May 2022Strategic M&A$2.4B

V.tal Valuation

V.tal is currently valued at $5B, based on its undisclosed-stage round in November 2022.

The $475M round was led by CPP Investments.

V.tal valuation by funding round

V.tal valuation by funding round
DateStageValuation
Nov 2022Undisclosed stage$5B

V.tal Funding History

V.tal has raised a total of $475M across 1 funding round.

V.tal funding rounds

V.tal funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Nov 2022Undisclosed stageCPP Investments (lead)$475M$5BV.tal is Brazil's largest neutral fiber-to-the-home (FTTH) network provider, operating a neutral fiber optic network that allows various internet service providers to purchase bandwidth. It accounts for about 14% of Brazil’s fiber network and reaches nearly 20 million households across the country, with plans to expand in a market with substantial unmet demand for high-speed connectivity. The company is controlled by funds managed by BTG Pactual, which hold a 65.9% stake post-transaction, while Oi owns 31.4%. On November 25, 2022, CPP Investments announced an investment of R$2.5 billion (approximately USD468 million or C$625 million) for a 9.5% stake in V.tal. The transaction values the company at approximately R$263 billion post-money and is subject to customary closing conditions and regulatory approvals. This deal increased BTG Pactual-managed funds' ownership from 61.8% to 65.9%. CPP Investments highlighted V.tal's significant market position and growth potential in Brazil's fiber infrastructure sector. The investment aligns with CPP's broader strategy in Latin America, where it has C$30 billion deployed across various asset classes as of September 30, 2022.

Who has invested in V.tal?

1 investor has backed V.tal across its funding rounds, including CPP Investments.

Lead investors include CPP Investments.


V.tal Investors

Investors in V.tal by funding rounds participated
InvestorHQRoundsRoleFirst check

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Acquisitions by V.tal

V.tal has acquired 2 companies to date.

Last acquisition by V.tal was on December 30th 2025. V.tal acquired Um Telecom for undisclosed valuation.


Latest Acquisitions by V.tal

Um Telecom
GlobeNet Communications
Description
Um Telecom provides nationwide telecommunication services including high-availability internet connectivity and dedicated circuits for corporate clients and ISPs in Brazil.
GlobeNet Communications is a telecommunications carrier operating a high-capacity subsea fiber optic network connecting North America, Central America, the Caribbean, and South America. The Fort Lauderdale-headquartered company provides wholesale bandwidth services including internet protocol transit, Ethernet transport, and wavelength connectivity to telecom operators and content providers. Its submarine cable system spans from Miami to Brazil via Colombia and Venezuela, supporting low-latency data transmission for cloud services and enterprise networks across Latin America.
HQ CountryBrazilUnited States
HQ City
-
Fort Lauderdale, FL
Deal Date30 Dec 20251 Sep 2022
Valuationundisclosedundisclosed
EV/Revenue
EV/EBITDA

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V.tal Competitors

V.tal competitors include listed companies like Glarun Technology, Sterlite Technologies, Comsys Holdings and Huber+Suhner, and private ones like Digital InfraCo and Bersama Digital Infrastructure.

Public and private companies comparable to V.tal
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Glarun TechnologyChinaChinaPublicly listed$501M$118M$5.1B9.9x
Sterlite TechnologiesIndiaIndiaPublicly listed$486M$62M$4.4B6.7x
Digital InfraCoSingaporeSingaporePrivate--$4.3B-
Comsys HoldingsJapanJapanPublicly listed$4.1B$410M$4.2B0.9x
Huber+SuhnerSwitzerlandSwitzerlandPublicly listed$1.1B$153M$3.9B3.1x
Bersama Digital InfrastructureSingaporeSingaporePrivate-$403M$6.5B-
Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Glarun Technology$501M$118M9.9x9.9x42.1x-
Sterlite Technologies$486M$62M9.5x6.7x74.9x36.8x
Comsys Holdings$4.1B$410M0.9x0.9x9.2x9.1x
Huber+Suhner$1.1B$153M3.5x3.1x24.1x20.2x
Axiata Group$2.9B$1.5B2.8x2.8x5.4x5.7x
China Comservice$22B$793M0.1x0.1x2.4x2.5x
HFCL$514M$76M6.9x5.9x46.7x31.3x
Array Digital Infrastructure$163M-24.4x20.1x--

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Common questions about V.tal

When was V.tal founded?V.tal was founded in 2021.
Where is V.tal headquartered?V.tal is headquartered in São Paulo, Brazil.
Is V.tal publicly listed?No, V.tal was acquired by Banco BTG Pactual in May 2022.
Who acquired V.tal?V.tal was acquired by Banco BTG Pactual in May 2022.
How much was V.tal acquired for?V.tal was acquired for $2.4B in May 2022.
What is V.tal's valuation?V.tal was last valued at $5B in its undisclosed-stage round in November 2022.
How much funding has V.tal raised?V.tal has raised $475M across 1 funding round.
What was V.tal's last funding round?V.tal's last funding round was a $475M undisclosed-stage round in November 2022, led by CPP Investments.
Who are V.tal's investors?V.tal's investors include CPP Investments.
Which companies are comparable to V.tal?Companies comparable to V.tal include Glarun Technology, Sterlite Technologies, Digital InfraCo, Comsys Holdings, Huber+Suhner and Bersama Digital Infrastructure.
How many companies has V.tal acquired?V.tal has acquired 2 companies, including Um Telecom and GlobeNet Communications.

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