When was Algar Telecom founded?

Algar Telecom was founded in 1954 and raised its 1st funding round 64 years after it was founded.

Where is Algar Telecom located?

Algar Telecom is headquartered in Uberlandia, Brazil.

How many employees does Algar Telecom have?

As of May 31, 2026, the latest employee count at Algar Telecom is 6091.

Is Algar Telecom a funded company?

Algar Telecom is a funded company, having raised a total of $270M across 3 funding rounds to date. The company's 1st funding round was a $***** PE round, raised on Jan 03, 2018.

When was the latest funding round of Algar Telecom?

Algar Telecom's latest funding was a $***** Conventional Debt round on May 21, 2020, with participation from 0 investor.

Where does Algar Telecom rank among its competitors?

Algar Telecom ranks 6th amongst 141 active competitors, of which 4 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Africell, which secured $99.6M in Sep, 2026.

Who are the top competitors of Algar Telecom?

Algar Telecom's top competitors include AT&T, Verizon and Vodafone. Among them, Africell secured the most recent funding round in September, 2026.

Algar Telecom - 2026 Company Profile, Funding & Competitors

Algar Telecom is a late stage company based in Uberlandia (Brazil), founded in 1954. It operates as an Integrated telecommunication services provider in Brazil. Algar Telecom has raised $270M in funding. The company has 141 active competitors, including 4 funded and 24 that have exited. Its top competitors include companies like AT&T, Verizon and Vodafone.

Company Details

Website: algartelecom.com.br
Social
Phone Number: +55 **********
Part Of

Key Metrics

Founded Year

1954

Location

Uberlandia, Brazil

Stage

Late Stage

Total Funding

$270M in 3 rounds

Latest Funding Round

Conventional Debt, May 21, 2020, $*****

Investors

GIC

Ranked

6^th among 141 active competitors

Employee Count

6,091 as on May 31, 2026

Investment & Acquisitions

MediQuo & 3 more

Similar Companies

T-Mobile & 4175 more

View Algar Telecom's full profile

Algar Telecom has raised a total funding of $270M over 3 rounds. Its first funding round was on Jan 03, 2018. Algar Telecom has 1 institutional investor.

Here is the list of recent funding rounds of Algar Telecom:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 21, 2020	3636938	Conventional Debt	2788928	4661757	7053417	6035052
Mar 16, 2019	9405348	Conventional Debt	5599154	7824873	8051034	2117041
Jan 03, 2018	9038899	PE	3969393	3173506	6294527	GIC

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View details of Algar Telecom's funding rounds and investors

Algar Telecom's employee count trend

Algar Telecom has 6,091 employees as of May 26. Here is Algar Telecom's employee count trend over the years:

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Top competitors of Algar Telecom include AT&T, Verizon and Vodafone. Here is the list of Top 10 competitors of Algar Telecom, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	AT&T 1876, Dallas (United States), Public	Provider of wireless and internet services	-	Elliott Management, Seaside Private Capital ... & 13 others	80/100
2nd	Verizon 1983, New York City (United States), Public	Provider of wireless, internet, TV, and phone services	-	Berkshire Hathaway, Black Capital Investments ... & 17 others	79/100
3rd	Vodafone 1982, Newbury (United Kingdom), Public	Virtual card-linked wallet for consumer payments	-	Elliott Management, Liberty Global & 12 others	78/100
4th	Telecom Italia 1994, Rome (Italy), Public	Integrated telecom service provider	-	Elliott Management, CDP Equity & 3 others	78/100
5th	Comcast 1963, Philadelphia (United States), Public	Provider of phone, internet, and television services	-	JANA Partners, Kleiner Perkins	73/100
6th	Algar Telecom 1954, Uberlandia (Brazil), Late Stage	Integrated telecommunication services provider in Brazil	$270M	GIC	72/100
7th	Orange 1988, Issy les Moulineaux (France), Acquired	French Telecommunication major	-	Runway, Orthogonal Thinker & 12 others	71/100
8th	Telefonica 1924, Madrid (Spain), Public	Provider of mobile and fixed-line telephony services	-	China Unicom, BBVA & 9 others	68/100
9th	Africell 2001, Beirut (Lebanon), Funding Raised	Provider of mobile communication services	-	Helios, EXIM.gov & 1 others	65/100
10th	QMC Telecom 2011, San Juan (Puerto Rico), Series B	Provider of cellular connectivity infrastructure solutions	$104M	Accel, ING & 6 others	64/100

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Algar Telecom has made 2 investments in companies including MediQuo and MediQuo. Algar Telecom has also acquired 2 companies including Vogel Telecom and Smart.

Here is the list of investments & acquisitions:

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Jan 28, 2026	Investments	MediQuo	2017	Barcelona (Spain)
Feb 02, 2024	Investments	MediQuo	2017	Barcelona (Spain)
May 10, 2021	Acquisition	Vogel Telecom	2015	Sao Paulo (Brazil)