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 privat ...

that owns and operates

web portal A web portal is a specially designed website that brings information from diverse sources, like emails, online forums and search engines, together in a uniform way. Usually, each information source gets its dedicated area on the page for displayi ...

s and provides a variety of services, including

news News is information about current events. This may be provided through many different media: word of mouth, printing, postal systems, broadcasting, electronic communication, or through the testimony of observers and witnesses to events. N ...

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 typology of shopper types has been developed by scho ...

and stock information. iG offered free e-mail accounts until 2016. At the time it was bought in March 2012, iG was the fifth-largest portal 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 access. In May 2004,

Brasil Telecom Brasil Telecom S.A. (BrT, ) was a major Brazilian telecommunications company headquartered in the Brazilian capital of Brasilia. The company was one of three land lines and eight mobile telephone companies – and only long-distance service provi ...

(then a subsidiary of Oi since 2009) acquired iG for approximately $100 million. In April 2012, Oi sold iG to

Portuguese Portuguese may refer to: * anything of, from, or related to the country and nation of Portugal ** Portuguese cuisine, traditional foods ** Portuguese language, a Romance language *** Portuguese dialects, variants of the Portuguese language ** Portu ...

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