Internet Group
Encyclopedia
Inernet Group, is a Brazilian online service provider
Online service provider
An online service provider can for example be an internet service provider, email provider, news provider , entertainment provider , search, e-shopping site , e-finance or e-banking site, e-health site, e-government site, Wikipedia, Usenet...

 and internet service provider
Internet service provider
An Internet service provider is a company that provides access to the Internet. Access ISPs directly connect customers to the Internet using copper wires, wireless or fiber-optic connections. Hosting ISPs lease server space for smaller businesses and host other people servers...

, was founded on January 9, 2000 by GP Investments
GP Investments
GP Investments is a private equity firm focused on emerging markets leveraged buyout and growth capital investments in Latin America...

 and Banco Opportunity, in May
May
May is the fifth month of the year in the Julian and Gregorian Calendars and one of seven months with the length of 31 days.May is a month of autumn in the Southern Hemisphere and spring in the Northern Hemisphere...

 of 2004 is Brazilian telecommunications company Brasil Telecom
Brasil Telecom
Brasil Telecom S.A. is a major Brazilian telecommunications company headquartered in the Brazilian capital Brasilia. The company is one of three land lines, one long distance and eight mobile telephone companies in Brazil that emerged from the break-up of Telebrás...

 acquired the Inernet Group about US$ 100 Million.
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