GlobeNet, also known as Vtal, is a privately owned company headquartered in the US. Founded in 1998, with an estimated 110 employees, the company reported $12.1M in revenue as of 2023. It specializes in connectivity and distribution services, functioning as a telecommunications and edge datacenter services provider for customers in Argentina, Brazil, Bermuda, Colombia, the United States, and Venezuela.
V.tal, in partnership with mobility infrastructure company Motiva, will progressively roll out 4G and 5G internet service in the tunnels and stations of Sao Paulo subway's yellow Line 4 starting in July, with five stations to be equipped by the end of 2026. This follows news on May 25 that V.tal formally registered to participate in the auction for Oi Solucoes, the corporate connectivity and IT division of Brazilian operator Oi. The company joined established telecom players TIM, Vivo, Claro, and Sercomtel in the bidding, having previously been authorized by Rio de Janeiro courts to access the data room for the sale process. Also on May 25, V.tal reported a net loss of BRL 524 million for the first quarter of 2026, compared to a net profit of BRL 38 million in Q1 2025. Net revenue decreased from BRL 1.8 billion to BRL 1.5 billion, and EBITDA fell from BRL 0.9 million to BRL 0.3 million, resulting in an EBITDA margin drop from 48 percent to 20 percent, while Capex remained stable at BRL 0.4 million. Earlier, on May 18, V.tal secured a US$115 million loan from Citibank and approved the construction of a new 6MW IT capacity data center in Pará state, expanding its data center subsidiary Tecto.
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GlobeNet (Vtal) offers products in the media tech industry. GlobeNet (Vtal)'s product portfolio comprises of connectivity and distribution services.
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GlobeNet (Vtal)'s revenues were less than $25M in 2024. All the revenue comes from media-specific fibre and private IP connectivity.
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