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Broadband

Telefonica sells 50% of Brazil fibre network to Canada's CDPQ

Wednesday 3 March 2021 | 11:02 CET | News
Telefonica Brasil (Vivo) has confirmed an agreement for Canadian investment group Caisse de depot et placement du Quebec (CDPQ) to acquire a 50 percent stake in its fibre wholesale network in Brazil, through the company FiBrasil. TEF Infra, a unit of its parent company Telefonica, will take a 25 percent stake in the new company responsible for the construction, development and operation of a neutral fibre network, while Vivo retains 25 percent and will serve as the anchor tenant. 

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Categories: Fixed
Companies: Telefonica / Telefonica Brasil / Vivo
Countries: Brazil
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