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Telefónica, Telefônica Brasil and CDPQ Create FiBrasil, a Neutral Fibre Wholesale Network Provider in Brazil

Press release content from PR Newswire. The AP news staff was not involved in its creation. Telefónica, Telefônica Brasil and CDPQ Create FiBrasil, a Neutral Fibre Wholesale Network Provider in Brazil March 2, 2021 GMT Combination between CDPQ’s infrastructure investment expertise and Telefónica’s capabilities in deploying and operating fibre networks Telefónica Group and CDPQ will each hold 50% under a co-control governance model Independent open-access wholesale operator will be focused on deploying fibre in selected cities in Brazil, with Telefônica Brasil as anchor client Committed to accelerating fibre-to-the-home coverage by expanding the initial footprint of 1.6 million Homes Passed to 5.5 million over a 4-year period

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Canadian pension fund CDPQ to invest up to $317 million in Brazil fiber network with Telefonica

By Reuters Staff 2 Min Read BRASILIA (Reuters) - The Brazilian unit of Spanish telecom Telefonica SA said on Tuesday that it had agreed with Canadian pension fund CDPQ to create a joint venture to develop a “neutral and independent” wholesale fiber optic network in Brazil. According to a securities filing, Caisse de dépôt et placement du Québec (CDPQ) will invest up to 1.8 billion reais ($317 million) in the venture, receiving a 50% voting share. Telefonica Brasil will have a 25% voting stake, while Telefonica Infra, another subsidiary of the Spanish company, will have the remaining 25% share. The new venture, called FiBrasil Infraestrutura e Fibra Ótica S.A., aims to reach 5.5 million households within 4 years.

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Telefónica, Telefônica Brasil and CDPQ Create FiBrasil, a Neutral Fibre Wholesale Network Provider in Brazil

Telefónica, Telefônica Brasil and CDPQ Create FiBrasil, a Neutral Fibre Wholesale Network Provider in Brazil
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