About Digitel
Digitel is a company based in Caracas (Venezuela) founded in 1997 by Omar Kassam Al Heannawi and Alberto Vethencourth was acquired by Cisneros in May 2006. It operates as a Subscription Services, and Pay-per-Use / Usage-Based. Digitel offers products and services including Internet 5G, Inteligente Plus Plans, Roaming de Datos, eSIM, and LDI (Llamadas Internacionales). Digitel operates in a competitive market with competitors including MTN, Jio, Airtel, Proximus Group and Telecom Italia, among others.
- Headquarter Caracas, Venezuela
- Founders Omar Kassam Al Heannawi, Alberto Vethencourth
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Sectors
Telecommunications
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Phone
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Website
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Social
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- Legal Name Corporación Digitel C.A.
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Products & Services of Digitel
Digitel offers a comprehensive portfolio of products and services, including Internet 5G, Inteligente Plus Plans, Roaming de Datos, eSIM, and LDI (Llamadas Internacionales). The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
High-speed wireless internet is provided with minimal latency.
Mobile data plans are offered with varying GB options.
International data roaming is enabled in multiple destinations.
Multiple lines are supported on a single device.
International calls are facilitated without activation or rental fees.
Funding Insights of Digitel
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Digitel
Digitel has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Cisneros. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Advertising and real estate development services are provided by Cisneros.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Digitel
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Digitel
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Digitel Comparisons
Competitors of Digitel
Digitel operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as MTN, Jio, Airtel, Proximus Group and Telecom Italia, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
MTN Group is recognized as a leading telecommunications provider in Africa.
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| domain | founded_year | HQ Location |
Provider of telecommunication services
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| domain | founded_year | HQ Location |
Airtel is recognized as a provider of telecommunications and internet services.
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| domain | founded_year | HQ Location |
Telephony, internet, television, and network-based ICT services are provided.
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| domain | founded_year | HQ Location |
Integrated telecom service provider
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| domain | founded_year | HQ Location |
Mobile internet services are provided for homes and offices.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Digitel
Frequently Asked Questions about Digitel
When was Digitel founded?
Digitel was founded in 1997.
Where is Digitel located?
Digitel is headquartered in Caracas, Venezuela.
What does Digitel do?
Digitel is established as a prominent telecommunications operator in Venezuela, offering a wide range of mobile and internet services. Solutions such as 5G internet, intelligent data plans, international roaming, eSIM technology, and international calling are provided to individuals, small businesses, and enterprises. Coverage is extended across the nation with a focus on innovation and customer service. Connectivity is ensured both domestically and globally, with high-speed and reliable services being prioritized. Infrastructure deployment is emphasized to maintain the largest network coverage in the country.
Who are the top competitors of Digitel?
Digitel's top competitors include MTN, Proximus Group and AT&T.
What products or services does Digitel offer?
Digitel offers Internet 5G, Inteligente Plus Plans, Roaming de Datos, eSIM, and LDI (Llamadas Internacionales).
Who are Digitel's investors?
Digitel has 1 investor. Key investors include Cisneros.
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