0
Broadband

Telefonica eyeing partial sale of Chile fibre unit - report

Thursday 26 March 2020 | 11:37 CET | News
Telefonica has hired Banco Santander to find a buyer for a stake in its Chilean fibre-optic subsidiary Infraco, according to unnamed sources cited by El Confidencial. The Spanish group set up Infraco earlier this year and is now looking to sell off 50 percent of its share capital for around EUR 250 million, said the report, adding that the deal would allow it to retain control of the unit while boosting the company's fibre deployment plans in Chile.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Fixed
Companies: Telefonica / Telefonica Chile
Countries: Chile
::: add a comment
This article is part of dossier

Fibre


Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Telefonica Chile ups fibre speed permanently, extends Covid-19 promos

Published 07 May 2020 15:28 CET | Chile
Telefonica Chile has announced that it's increasing the speed of all its fibre-optic plans by up to 100 percent at no extra cost ...

Telefonica Chile to double fibre speed on all plans at no extra cost

Published 26 Feb 2020 11:45 CET | Chile
Telefonica Chile has confirmed that it's doubling the speed on the majority of its fibre-optic plans at no extra cost to ...

Telefonica holding 'several talks' on sale of Hispam unit

Published 21 Feb 2020 11:46 CET | Latin America
Telefonica is stepping up efforts to find a buyer for its operations in Latin America and is already assessing several proposals, ...

Telefonica Chile Q4 sales down 6% to EUR 459 mln, adds 90,000 fibre clients

Published 20 Feb 2020 11:40 CET | Chile
Telefonica Chile reported fourth-quarter revenues down 5.9 percent year on year on an organic basis to EUR 459 million, impacted ...

Telefonica hires Citi to assist sale of Hispam unit - report

Published 31 Jan 2020 15:26 CET | Latin America
An assessment by Goldman Sachs valued the unit at EUR 13.5 billion, equivalent to around 14 percent of Telefonica's assets, with ...

Telefonica hires Morgan Stanley to seek tech unit investor - report

Published 27 Jan 2020 16:00 CET | Spain
Telefonica has appointed US investment bank Morgan Stanley to help it find an investor for another of its assets, the new ...

LatAm business grouping eyeing takeover of Telefonica Hispam unit - report

Published 21 Jan 2020 09:42 CET | Latin America
A group of Latin American entrepreneurs is interested in acquiring a 51 percent stake in the majority of Telefonica's assets in ...

Telefonica names new Latin America team, looks to 'maximise value' of Hispam unit

Published 18 Dec 2019 09:18 CET | Latin America
Telefonica has approved the organisational structure of the new Hispam unit created to hold its Latin American business (apart ...

Telefonica's Hispam unit worth EUR 13.5 bln - report

Published 02 Dec 2019 09:59 CET | Latin America
The new Hispam unit that Telefonica will create to hold its Latin American business (apart from Brazil) and attract investors has ...

Telefonica unveils plan to spin off LatAm business and prioritise Spain, Brazil, UK, Germany

Published 28 Nov 2019 09:23 CET | Brazil
Telefonica has announced a major organisational restructure following a meeting of its board of directors. The company's 5-point ...