Giga+, formerly known as Alloha Fibra, confirmed that it has maintained conversations with Sky in recent months regarding a potential merger and acquisition. This information was disclosed in a statement to the market after B3 requested clarifications, prompted by a news item published by the Broadcast website, which belongs to Grupo Estado.
However, the company emphasized that there has been no deliberation by the company's management, nor the formalization of any agreement, commitment, or binding contractual document, as reported by the Teletime website.
A union of Giga+'s broadband operations with Zaaz, which is the fiber operator of Waiken ILW, the controller of Sky, would have the potential to establish the fourth largest fixed internet provider in Brazil, boasting approximately 1.91 million users.
In its statement, Giga+ declared that it has held dialogues with Sky and other industry players in recent months. The operator also mentioned that it conducts periodic evaluations of business opportunities and strategic alternatives aimed at expansion and capital management.
Such a transaction could be advantageous for Giga+, given that it registered a 16.5% drop in its access base during the twelve months ending in August. In contrast, Sky and Zaaz's broadband operation showed an expressive growth of 47.7% in the same period.
In addition to operating in the fiber optic network, Sky is seeking to penetrate the mobile network segment. In August, the company officially launched the commercial plans for Sky Móvel, which operates as a virtual operator (MVNO) using Surf Telecom's infrastructure. There are also plans to introduce Sky Link, a competitor to Starlink in the satellite internet market.
An eventual operation would include Giga+ and the broadband assets of the Waiken ILW group, which owns Sky and Zaaz. According to data from the consultancy Teleco, Giga+ had about 1.29 million accesses in August, while Sky and Zaaz totaled approximately 627 thousand customers. Combined, these operations would reach about 1.91 million subscribers.
This volume would position the consolidated group behind only the large companies Claro, Vivo, and Nio—the latter having absorbed Oi's fiber clientele—but ahead of Brisanet, which had about 1.58 million accesses at the same time.
The geographical reach would also be expanded. The two operations would operate in 1,110 combined cities, leading in 173 municipalities. Currently, there is a network overlap between the companies in only 123 cities.
Currently, Brisanet holds the fourth position, slightly ahead of Brasil TecPar, which has about 1.38 million accesses. The latter also aims to increase its market share through the acquisition of Ligga Telecom's operation, a deal that has already received approval from Anatel and the Administrative Council for Economic Defense (Cade), but which is still awaiting a ruling from the Ministry of Communications.