Industry Newsroom

KKR to Acquire Majority Stake in Telefonica Chile’s Fiber Optic Network in a Deal Valued at USD1b

KKR has agreed to acquire a majority stake in the existing fiber optic network of Telefonica Chile in order to establish an open access wholesale fiber optics company. As part of the agreement, Telefonica will hold a 40% stake in the new company. The transaction is valued at USD1b and is expected to close in the first half of 2021. Read more