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Telecommunications company Telefonica, whose operations in Brazil are branded as ‘Vivo’, has announced that the neutral fibre network operator FiBrasil has officially started operating in the country.
The new company ‘FiBrasil Infraestrutura e Fibra Ótica S.A. or FiBrasil is created by Telefonica Brasil, Telefonica Infra - the company’s infrastructure unit -, and the global investment group Caisse de dépôt et placement du Québec (CDPQ). Telefonica Group and CDPQ each own a 50% stake in FiBrasil.
Telefónica rumoured to keep subsea cable unit Sign in with LinkedIn
15 March 2021 | Natalie Bannerman Telefónica is rumoured to be avoiding an outright sale of its subsea cable unit.
According to
Bloomberg, the Spanish telco plans to on-board private investors to share ownership of the business instead.
The company has reportedly been working with advisers to gather interest from potential investors and was wanting to offload the business for approximately €2 billion ($2.4 billion).
The news comes as chief operating officer, Angel Vila (pictured), carried out an interview where he said the telco will do a partial sale and then fold the asset into the standalone infrastructure division it created in 2019, called Telefónica Infra.
Pandemic re-calibrates investment thinking on fibre networks
Fibre to the x projects now seen as potential money-spinners
Long-term assets will provide long-term return on investments
Virgin Media in the UK has biggest ever download day? Over 20GB per subscriber
Pre-Covid, demand for broadband connectivity across the world was already intense. Since the pandemic struck that demand has become insatiable. Overall, networks have held up very well and proved resilient to the enormous and increasing strain that has been placed upon them. Network operators responded quickly and responsibly to instantly changed circumstances that would have taken years to accommodate in the course of the usual development cycles had the virus had not struck the global population and changed the course of human history.
Caisse bets up to $408 million on Brazilian optical-fibre venture The Brazilian venture is a first step in the Quebec pension fund manager’s efforts to double the size of its global infrastructure portfolio to $60 billion over four years.
Author of the article: Frédéric Tomesco
Publishing date: Mar 02, 2021 • March 2, 2021 • 1 minute read • CEO Charles Emond speaks during a Caisse de depot et placement du Quebec media briefing in Montreal in February 2020. The Caisse announced Tuesday that it will invest up to $408 million in a joint venture with Spanish telecom company Telefonica Group to build, develop and operate an independent optical fibre wholesale network in Brazil. Photo by Allen McInnis /Montreal Gazette
Telefónica Group and global investment group, Caisse de dépôt et placement du Québec (CDPQ), have announced they are building a new fibre wholesale network in Brazil.