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KKR, Telefónica To Create Colombia'S First Nationwide Open Access Fiber Optic Network


KKR, Telefónica To Create Colombia’S First Nationwide Open Access Fiber Optic Network
Transaction is Valued at Approximately $500 Million and is Subject to Customary Regulatory Approvals.
TelefÓnica Will Be a Minority Shareholder in New Company, With a 40% Stake.
As Part of Agreement, Kkr Will Acquire a Majority Stake in TelefÓnica s Existing Fiber Optic Network.
New Company Will Be Controlled by Kkr.company Will Be Run Independently by a Local Team in Colombia.
Scotiabank and Bank Street Are Acting As Financial Co-advisors to Kkr on Transaction.
New Company Plans to Expand Existing Fiber Optic Coverage From About 1.2 Mln Homes to at Minimum, 4.3 Mln Homes by End of 2024. ....

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Tata Digital acquires majority stake in 1MG - The Hindu BusinessLine


Tata Digital acquires majority stake in 1MG
June 10, 2021
This is the third major acquisition by Tata Digital after bigbasket and CureFit
Tata Digital on Thursday said it will acquire a majority stake in digital health company 1MG Technologies. This is the third major acquisition by Tata Digital after bigbasket and CureFit.
Incorporated in 2015, 1MG is a leading player in the eHealth space and enables easy and affordable access to a wide range of products like medicines, health and wellness products, diagnostics services and tele-consultation to customers. The company operates 3 state-of-the-art diagnostics labs, has a supply chain covering over 20,000 pincodes across the country and through its subsidiaries is also engaged in the business of B2B distribution of medicines and other healthcare products. ....

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