A Major Shift in Chilean Telecom
Big changes are coming to Chile’s internet infrastructure. Telefónica and the American investment firm KKR have officially decided to sell OnNet Fibra, the joint venture they built to manage fiber optic networks across the country.
- The Partnership: Telefónica and KKR previously teamed up to create this wholesale fiber infrastructure business.
- The Sale Begins: Reports from Chile indicate that the companies have now kicked off a formal process to find a buyer for the subsidiary.
- Valuation Estimates: Market experts suggest the entire company could be valued anywhere between $1.5 billion and $2 billion.
The final amount shareholders walk away with will depend on settling the company’s existing debts.