Inactive Instrument

Telefónica Chile S.A.

Equities

CTC

CLP3058U1199

Telefónica Chile S A : KKR to buy Telefonica Chile's fiber optic network for about $1 billion

February 22, 2021 at 05:48 pm EST

Feb 22 (Reuters) - Investment firm KKR said on Monday it would acquire a majority stake in telecoms operator Telefonica Chile's fiber optic network in a deal valued at about $1 billion.

The deal will result in the creation of Chile's first open access wholesale digital infrastructure network, which will be open to all existing and future telecom operators in the country.

It will be controlled by KKR and Telefónica will hold a 40% stake. The transaction is expected to close in the first half of 2021, KKR said. (Reporting by Eva Mathews in Bengaluru; Editing by Arun Koyyur)

Latest news about Telefónica Chile S.A.

Telefónica Chile S.A. Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 13	CI
Telefónica Chile S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	23-10-30	CI
Telefónica Chile S.A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-07-28	CI
Telefónica Chile S.A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-07-28	CI
Telefónica Chile S.A. Reports Earnings Results for the First Quarter Ended March 31, 2023	23-04-28	CI
Telefónica Chile S.A. Reports Earnings Results for the Full Year Ended December 31, 2022	23-02-11	CI
Telefónica Chile S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022	22-10-28	CI
Telefónica Chile S.A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022	22-07-29	CI
Telefónica Chile S.A. Reports Earnings Results for the First Quarter Ended March 31, 2022	22-04-29	CI
Telefónica Chile S.A. Reports Earnings Results for the Full Year Ended December 31, 2021	22-02-15	CI
Telefónica Chile S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021	21-10-28	CI
Telefónica Chile S.A. Reports Earnings Results for the Second Quarter Ended June 30, 2021	21-07-30	CI
Telefónica Chile S.A. Reports Earnings Results for the First Quarter Ended March 31, 2021	21-04-28	CI
Telefonica S A : Chile Agrees to Sell Majority Stake in Fiber Business	21-02-23	DJ
Telefónica Chile S A : KKR to buy Telefonica Chile's fiber optic network for about $1 billion	21-02-22	RE
Telefonica S A : Negotiating Sale of Chilean Subsidiary -El Economista	21-01-05	DJ
Telefónica Chile Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2019	19-07-25	CI
Telefónica and Schindler Join Forces to Provide Iot Connectivity for Elevators and Escalators Worldwide	19-05-27	CI
Banco Santander, S.A. acquired Credit Portfolio of Telefónica Chile S.A. and Telefonica Moviles, S.A.	19-05-17	CI
Telefónica Chile Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2019	19-05-10	CI
Telefónica Chile Reports Unaudited Consolidated Earnings Results for the Quarter and Year Ended December 31, 2017	18-02-22	CI
Telefónica Chile Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 2017	17-10-26	CI
Telefónica Continue To Analyze Strategic Alternatives	16-09-29	CI
Telefónica Revived IPO Plan For Telxius Telecom	16-08-31	CI
Telefónica Chile, S.A. (SNSE:CTC-B) completed the acquisition of the remaining 0.07% stake in Telefónica Larga Distancia S.A.	16-04-27	CI

Chart Telefónica Chile S.A.

Duration

Period

More charts

Company Profile

Telefonica Chile SA is a Chile-based company engaged, through its subsidiaries and affiliates, in the telecommunications sector. The Company's range of products and services are marketed under the Movistar brand, which includes mobile and fixed telephony, long-distance calls, pre-paid telephone cards, broadband Internet access, digital television, data transmission and Internet protocol (IP) telephony, among others. As of December 31, 2012, the Company owned five direct and indirect subsidiaries Telefonica Gestion de Servicios Compartidos Chile SA, Telefonica Empresas Chile SA, Telefonica Multimedia Chile Dos SA, Instituto Telefonica Chile SA and Telefonica Larga Distancia SA; as well as a minor stake in Telefonica Chile Servicios Corporativos Ltda.

Sector

More about the company