Announced
Financials
Sources
Tags
Majority
Pending
Cross Border
Telecommunications Equipment
Friendly
telecommunications networks
fiber optics
Private
Chile
Acquisition
Single Bidder
Private Equity
Synopsis
Global investment firm KKR agreed to acquire a majority stake in the Chilean wholesale fiber optic network of Telefonica, a global telecommunications company, for $1bn. "We are excited to be working with Telefónica to create the first-ever open access wholesale fiber network in Chile. This will create competition where none exists today, helping Chilean families, companies, and the economy recover and grow in the digital economy," Waldemar Szlezak, KKR Senior Leader.
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