Telefónica puts its fiberco in Chile up for sale for up to 1.8 billion
KKR, which has 60%, and the Spanish company, with 40%, have hired JPMorgan and Scotiabank to sell the Chilean fiber optic company, which provides service to almost all the operators in the Andean country.
Telefónica and KKR have decided to sell their joint fibre optic subsidiary, OnNet Fibra, in Chile. The company, in which KKR holds a 60% stake and Telefónica 40%, provides services to most Chilean telecom operators. JPMorgan and Scotiabank have been appointed to handle the sale, which is not expected to be completed until 2027 and could value the company at $1.5-2 billion. OnNet Fibra has 5.2 million homes passed with fibre and over 69,000 kilometres of network.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
