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Broadband

Telefonica sells 60% of Chile fibre network to KKR for USD 1 bln, creates wholesale newco

Tuesday 23 February 2021 | 09:06 CET | News
Telefonica has reached a deal to sell a majority 60 percent stake in its Chilean fibre-optic network to global investment firm KKR for around USD 1 billion, confirming earlier reports. The partners will then proceed to create Chile's first open access wholesale fibre-optic company open to all current and future telecom operators with the mission to bring greater broadband access across the country.

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Categories: Fixed
Companies: Movistar Chile / Telefonica / Telefonica Chile
Countries: Chile
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