Industry Newsroom

CDPQ to Invest USD321m in JV with Telefónica and Launch FiBrasil

Caisse de dépôt et placement du Québec (CDPQ) and Telefónica Group have entered into an agreement for the construction, development and operation of FiBrasil Infraestrutura e Fibra Ótica (FiBrasil), an independent optical fiber network in Brazil. As part of the agreement, CDPQ has agreed to invest up to BRL1.8b (approximately USD321m) in the joint venture. CDPQ and Telefónica Group will each hold 50% in FiBrasil. Read more