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