Mtel Tecnologia
Mtel’s business consists on renting telecom and security equipment / systems to telecom operators, based on a creative financial model to obtain resources to buy the rented equipment, which included the creation of the 1st FIDC – Investment Fund of Credit Rights – of a tech company in Brazil, with an approved capital of R$ 500 million (US$ 300 million at that time) by CVM (brazilian SEC). Mtel had an installed base of over 15,000 rented telecom & security equipment, all over Brazil, most of them in large enterprises, managed at Mtel’s NOC, and contracts of over R$ 200 million (US$ 120 million) when it was sold to a PE fund (www.alothon.com). It has then been rebranded to Yssy.