KKR to acquire Telefónica’s wholesale fiber optic network to create first open access network in Chile

KKR announced that it has entered an agreement with Telefónica to establish Chile’s first open access wholesale fiber optics company with the mission to bring greater broadband access across Chile. Under the agreement, KKR will acquire a majority stake in Telefónica Chile’s existing fiber optic network and make that network open access through a newly established independent Chilean company with assets managed locally. Telefónica will hold a 40% stake in the business.

Source: Businesswire