KKR and Telefónica-backed ON*NET Fibra to acquire the fiber optic infrastructure business from Entel for $358m.

KKR and Telefónica-backed ON*NET Fibra, an operator of a broadband network, agreed to acquire the fiber optic infrastructure business from Entel, a second-largest telecommunications company in Chile, for $358m. "In a highly competitive environment, this operation allows us a significant strengthening of our fiber optic coverage at the national level, which is a strategic focus of the company, in this case on a shared and high quality network, giving us almost immediate access, once the approvals have been obtained and the integration has been made, to a coverage of 3.9m households in the past, to reach at least With this, we will be able to give a strong boost to our supply to the home and business market, especially medium and small markets," Antonio Büchi, Entel General Manager.