Algar Sells IoT Unit to Wireless Logic for R$ 720M

What is Algar Telecom selling and to whom?

Algar Telecom has signed a contract to sell its Internet of Things (IoT) business unit to Arqia Participações e Serviços, a Brazilian subsidiary of UK-based Wireless Logic. The deal is valued at R$ 720 million and was announced on Monday, August 10, 2026.

What does the IoT unit actually do?

Launched in 2019, Algar's IoT platform focuses on machine-to-machine (M2M) connectivity, enabling automated data sharing between devices, systems and the cloud. The company positions it as one of the leading independent IoT platforms in Brazil.

Why is Algar making this move?

Algar says the divestiture aligns with its active portfolio management strategy, reinforcing its commitment to long-term value creation, financial discipline and capital structure optimization. The proceeds are expected to strengthen the company's financial position, including by reducing leverage.

Who is the buyer, Arqia?

Arqia was originally founded as part of Grupo Datora and was acquired last year by Wireless Logic. Arqia specializes in IoT and helps companies of any sector enter the mobile services and value-added services market through the MVNO (Mobile Virtual Network Operator) model. Its parent, Wireless Logic, has more than 18 million IoT devices connected across 165 countries and partnerships with over 50 mobile networks.

What does this mean for the Brazilian IoT market?

The acquisition consolidates Wireless Logic's presence in Latin America's largest economy. With Arqia's existing expertise and the scale of the acquired platform, the combined entity is set to become a stronger independent IoT player in Brazil.