Vero, one of the largest broadband providers in Brazil, ended the first quarter of 2025 with record net income of R $ 42.1 million. The result came with the increase of 6.9% of net revenue compared to the same period of 2024, to R $ 432.4 million and 0.1% advance in EBITDA (profit before interest, taxes, depreciation and amortization) to R $ 222.9 million. The balance was released on Tuesday night (13).
“These were satisfactory numbers, a reflection of the strategy for the new moment we have been living since December 2023”, comments Fabiano Ferreira, CEO of Vero, in an interview with Infomoney.
Also read:
Telecom’s “new moment” is a reflection of the merger with America, a movement that generated the fifth largest telecom in Brazil in a number of fixed broadband subscribers. The company’s customer base still added 8,700 broadband subscribers. In mobile telephony, another important flank from the company, there were 4.6 thousand additions. At the end of the first quarter of 2025, Vero had 1.4 million customers, including individuals and companies, a group that also hires cybersecurity and cloud computing services.
According to the company’s CEO, Americanet’s integration process is already “practically completed”, leaving only unification of systems such as customer service. In cash generation, the combination of operations exceeded 38% expectations.
Now, Vero focuses on exploring growth opportunities to participate in what Ferreira believes to be a moment of consolidation of forces in a competitive sector that has giants such as Vivo (), Tim () and Claro. The executive argues that “the sector will not be sustainable based only on connectivity, it is necessary to evolve on the workday.”
Continues after advertising
Growth Strategies
In 1T25, the company had an average revenue per record user, of R $ 112.8. To make this figure grow, the idea is to offer more services beyond internet connection, mobile telephony and pay -TV. In addition to the inclusion of streamings such as Globoplay, Disney+ and Youtube Premium for customers to have all the services in one place, Vero has launched a discount and cashback club that turns part of credit into a partner platform. The goal is to grow the proportion of 23% of customers who sign digital services
Also read:
“We want to grow through value, not for price, as still happens in the market,” says Ferreira. He states that Vero has “one of the best rings (return on heritage) in the market, which borders 17%, and we believe it can continue to improve.”
Continues after advertising
Still in organic growth plans, there are investments to increase the service area. Today, the company is present in 426 municipalities of nine states of the South, Southeast and Midwest. In October, it raised R $ 900 million in debentures to invest in its infrastructure, but can reach large centers also by neutral network.
In 2021, Vero was the first company to close a contract with Oi to use the operator’s neutral network, and today the model can still be used in the expansion plan. “We do an analysis to understand if it is worth launching its own network and this may not make sense mainly in larger cities, which already have networks available,” explains Vero CEO.
There is also the possibility of growing with mergers and acquisitions, following the robust history of transactions that generated the current company. The structure has already incorporated several regional operators, such as Giganet, Renovare and G4 Telecom. “We are always aware of what is available in the market and participating in conversations to take advantage of opportunities,” says Fabiano Ferreira. He points out that the acquisition history makes the company increasingly efficient in incorporations.
Continues after advertising
For Vero’s CEO, the telecommunications sector, now very sprayed with regional operators, will undergo a consolidation process via acquisitions. “The American market is going through this and Brazil is at a previous stage; it is not only Vero that will participate in this process, but a set of players. They will survive companies that have products and services that are different,” projects the executive.
Plans for the IPO
Vero has already rehearsed an opening of capital in 2021, but gave up the plan due to market volatility. Telecom will make its IPO in Brazil, guarantees the CEO. The moment, however, is still unknown.
“We believe in the return of IPOS, has an important line in various sectors, with good companies. Our expectation is that this (IPO of Vero) will happen at some point in the long run, but it is not something determining for the company’s success history, it will be great, but it is not our only opportunity for success,” concludes Ferreira.
