KKR and Telefónica put their Chilean ‘fiberco’ up for sale for up to 1.5 billion
The Corner Telefónica and KKR have decided to put their joint subsidiary OnNet Fibra up for sale, a Chilean neutral wholesale fiber optic company (fiberco) that provides service to most Chilean telecommunications operators. The company is 60% owned by the American fund, while the remaining 40% of the share capital is controlled by TEF. According to the press, the company could have an ‘Enterprise…
Telefónica and KKR have put their Chilean fiber optic company, OnNet Fibra, up for sale. The company is a neutral wholesale fiber optic provider that services most Chilean telecommunications operators. OnNet Fibra is 60% owned by KKR and 40% owned by Telefónica.
The sale of OnNet Fibra could value the company at up to 1.5 billion euros, according to El Pais Economia. The exact figure will depend on the company's debt.
OnNet Fibra provides fiber optic services to telecommunications operators in Chile. Expansion ES reports that Telefónica is selling its fiberco in Chile for up to 1.8 billion euros.
Brief written by urgent.news from The Corner, El Pais Economia, Expansion ES — 3 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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