Internet Group Ltda.
Subsidiary
Industry Online services
Founded 2000
Headquarters São Paulo, Brazil
Products Social networking
Online service provider
Online media
Revenue Increase $149.6 million (2010)
Increase $21.7 million (2010)
Number of employees
430
Parent OnGoing
Website iG.com.br

Internet Group do Brasil (iG) is a Brazilian Internet service provider that owns and operates web portals and provides a variety of services including online banking, shopping, stock information, chat rooms, and free e-mail.[1]

As of March 2012, iG was the fifth-largest portal in Brazil, with 23.5 million unique monthly visitors.[2]

HistoryEdit

iG was founded on January 9, 2000, by GP Investments and Banco Opportunity. It gained popularity by offering free dial-up access.[citation needed]

In May 2004, Brasil Telecom (a subsidiary of Oi since 2009) acquired iG for approximately $100 million.[3] In April 2012, Oi sold iG to Portuguese investment company Ongoing Strategy Investments SGPS SA for an undisclosed sum.[4][2]

See alsoEdit

ReferencesEdit

  1. ^ "Company Overview of Internet Group do Brasil S.A.". Bloomberg Businessweek. Retrieved 21 June 2014. 
  2. ^ a b Maurer, Harry (15 April 2012). "Portugal's Ongoing Closes Deal to Buy IG in Brazil, Folha Says". Bloomberg Businessweek. 
  3. ^ "Brasil Telecom Compra o iG por US$ 100,7 Milhões". O Estado de S. Paulo. 19 May 2004. 
  4. ^ Wiziak, Julio (26 April 2012). "Ongoing assume iG na próxima semana". Folha de S. Paulo.