Telefonica and CDPQ to create FiBrasil joint venture in a $322m deal.

Telefonica, a telecommunications service operator, and Caisse de depot et placement du Quebec agreed to create FiBrasil, a neutral and independent optical fibre wholesale network, joint venture, in a $322m deal. “We are delighted to put our FTTH expertise and commercial capabilities behind this partnership, joining forces with CDPQ as a key element for success, strengthening our value proposition and reinforcing our growth strategy,” Angel Vila, Telefónica Chief Operating Officer.