KKR to acquire a majority stake in Telefonica Colombia from Telefonica.

KKR agreed to acquire a majority stake in Telefonica Colombia from Telefonica, a Spanish telecom group. Financial terms were not disclosed. “We are thrilled to, once again, be working with Telefónica to provide greater broadband access to those who need it, and to be doing so in Colombia, a country we believe is primed for significant growth ahead and which serves as an attractive destination for investors. This new venture in Colombia, along with ON*NET Fibra de Chile, demonstrates the potential to invest in innovative financing and growth strategies to promote digital infrastructure in Latin America," Waldemar Szlezak, KKR Managing Director.