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KKR and Telefónica to Create Colombia s First Nationwide Open Access Fiber Optic Network

Press release content from Business Wire. The AP news staff was not involved in its creation. KKR and Telefónica to Create Colombia’s First Nationwide Open Access Fiber Optic Network July 16, 2021 GMT BOGOTÁ, Colombia & NEW YORK (BUSINESS WIRE) Jul 16, 2021 KKR, a leading global investment firm, today announced an agreement with Telefónica Colombia, a subsidiary of the leading Spanish telecom group Telefónica, to establish Colombia’s first independent nationwide open access wholesale digital infrastructure company. On a mission to bring greater broadband access across Colombia, the new company will expand availability of ultra-fast fiber optic internet, benefitting more consumers and businesses across Colombia. As part of the agreement, KKR will acquire a majority stake in Telefónica’s existing fiber optic network, the largest in Colombia, and make the network open access through a newly established independent entity, which KKR will control as the majority sharehold

KPN ready to wait for higher bid and Dutch state will have conditions

Telecompaper General KPN ready to wait for higher bid and Dutch state will have conditions Monday 3 May 2021 | 12:11 CET | Author: Tim Poulus | Market Commentary KPN has confirmed approaches from KKR and EQT/Stonepeak over a possible takeover of the Dutch operator. No negotiations were held, and a price was not given, KPN said. KKR seems to have given up after shopping around, and announced last month a joint venture with T-Mobile Netherlands to develop fibre infrastructure (Open Dutch Fiber). As for EQT, which is already active in the Netherlands, we expect the story is not yet over. The market appears more doubtful, with KPN s share price falling after the latest news. 

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