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Telefonica Group and global investment group Quebec Savings and Base Investment Company (CDPQ) announced a fiber optic partnership to deploy a fiber optic backbone in Brazil
.
Under the plan, Telefonica and CDPQ will jointly hold a 50 percent stake
in FiBrasil, the backbone network operator.
Among them, Telefonica will hold 25% through Brazilian Telecom VIVO and 25%
through infrastructure company Telefonica Infra.
Once completed, FiBrasil will deploy and operate fiber networks in select cities outside of São Paulo, Brazil, and provide fiber-to-the-home (FTTH) access
to all service providers.
CDPQ will invest approximately $315 million in the joint venture to hold a 50% stake
.
The transaction is scheduled to close in the second quarter of 2021 and is currently subject to regulatory approval
.
Telefonica Group and global investment group Quebec Savings and Base Investment Company (CDPQ) announced a fiber optic partnership to deploy a fiber optic backbone in Brazil
.
Under the plan, Telefonica and CDPQ will jointly hold a 50 percent stake
in FiBrasil, the backbone network operator.
Among them, Telefonica will hold 25% through Brazilian Telecom VIVO and 25%
through infrastructure company Telefonica Infra.
Once completed, FiBrasil will deploy and operate fiber networks in select cities outside of São Paulo, Brazil, and provide fiber-to-the-home (FTTH) access
to all service providers.
CDPQ will invest approximately $315 million in the joint venture to hold a 50% stake
.
The transaction is scheduled to close in the second quarter of 2021 and is currently subject to regulatory approval
.
