Internet Group do Brasil (iG) is a Brazilian

Internet service provider An Internet service provider (ISP) is an organization that provides services for accessing, using, or participating in the Internet. ISPs can be organized in various forms, such as commercial, community-owned, non-profit, or otherwise private ...

that owns and operates web portals and provides a variety of services, including

news News is information about current events. This may be provided through many different Media (communication), media: word of mouth, printing, Mail, postal systems, broadcasting, Telecommunications, electronic communication, or through the tes ...

shopping Shopping is an activity in which a customer browses the available goods or services presented by one or more retailers with the potential intent to purchase a suitable selection of them. A Retail#Shopper profiles, typology of shopper types ha ...

and

stock In finance, stock (also capital stock) consists of all the shares by which ownership of a corporation or company is divided.Longman Business English Dictionary: "stock - ''especially AmE'' one of the shares into which ownership of a company ...

information. iG offered free e-mail accounts until 2016. At the time it was bought in March 2012, iG was the fifth-largest

portal Portal often refers to: * Portal (architecture), an opening in a wall of a building, gate or fortification, or the extremities (ends) of a tunnel Portal may also refer to: Arts and entertainment Gaming * ''Portal'' (series), two video games ...

in Brazil, with 23.5 million unique monthly visitors.

History

iG was founded on January 9, 2000, by

GP Investments GP Investments (also GP Investimentos), is a leading alternative investment firm in Latin America with a strong presence in asset management, principally private equity funds. The firm's shares are listed on the Luxembourg Stock Exchange and trad ...

and Banco Opportunity. It gained popularity by offering free

dial-up Dial-up Internet access is a form of Internet access that uses the facilities of the public switched telephone network (PSTN) to establish a connection to an Internet service provider (ISP) by dialing a telephone number on a conventional telepho ...

access. In May 2004, Brasil Telecom (then a

subsidiary A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a s ...

of Oi since 2009) acquired iG for approximately $100 million. In April 2012, Oi

sold Sold may refer to: * ''Sold'' (Boy George album), 1987 * ''Sold'' (Died Pretty album), 1996 * ''Sold'' (TV series), a British comedy drama television series * ''Sold'' (McCormick novel), a 2006 novel by Patricia McCormick and Illustrated by Br ...

iG to Portuguese investment company Ongoing Strategy Investments SGPS SA for an undisclosed sum.

References

Companies based in São Paulo Internet service providers of Brazil Internet technology companies of Brazil {{Brazil-company-stub

History

See also

References