Brazil's Copel Telecom makes official name change to Ligga

Brazil's Copel Telecom makes official name change to Ligga

Brazilian regional operator Copel Telecom has changed its name and is now called Ligga.

According to local media reports, a vote by Parana residents to determine the new name of Copel Telecom has selected ‘Ligga Telecom’ as the preferred option. 85% of respondents opted for the new name, ahead of ‘Flui’. The rebranding exercise will commence immediately.

The announcement was made this Friday, 25th, during an event in Curitiba by the fund's main investor, businessman Nelson Tanure, and by the operator's CEO, Wendell Oliveira.

According to sources, the change was necessary because it was in the clause of the purchase of Copel Telecom by the Bordeaux Fund (from Nelson Tanure) since the operation of the telecommunications is no longer linked to the former controller, the electrical distributor Copel from Paraná.

The name Ligga will only be used to replace Copel Telecom. Sercomtel and Horizon companies, which are also part of the group, will not be changed at this time.

Ligga is part of the group formed by Sercomtel, Horizons, and Nova Fibra, with a presence in Paraná and expansion plans in the South, Southeast, and North of the country.

The then Copel Telecom participated in the 5G auction together with Unifique, in the 5G South Consortium. Both took the 80 MHz southern region block in the 3.5 GHz band.

The telecommunications group has 356,500 customers, a growth of 30% in one year, and approximately BRL 6 billion in market value.

According to the operator's press office, there is a forecast of investing BRL 2 billion in the coming years", without however specifying the period. Of this total, BRL 600 million will be allocated to the expansion of infrastructure in Paraná.

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