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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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Telefonica seeks fibre partner like American Tower for Brazilian venture


By Reuters Staff
1 Min Read
FILE PHOTO: The logo of Telefonica is seen on company s headquarters in Bogota, Colombia May 28, 2019. REUTERS/Luisa Gonzalez
MADRID (Reuters) - Telefonica is seeking a partner like U.S.-based American Tower for part of a fibre optics network expansion it is planning in Brazil, Chief Operating Officer Angel Vila said on Thursday.
Telefonica will fund the first stage of the development off its own balance sheet and then there will be a second stage for which “we are addressing through agreements with fibre owners like American Tower,” Vila told analysts on a conference call. ....

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Telefonica in exclusive talks with investor for Brazil fibre unit


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RIO DE JANEIRO, BRAZIL - Telefonica is in exclusive talks with a financial investor about forming a joint fibre optic venture in Brazil, Chief Operating Officer Angel Vila said on Thursday, February 25th.
The Spanish telecoms group is planning to expand high speed fibre coverage to more Brazilian cities, following a similar project launched in Germany in partnership with insurer Allianz.
“Brazil is the size of a continent. Our capital expenditure (capex) won’t reach it all,” Vila told Reuters.
After speaking to numerous potential partners, the company has entered exclusive talks with an “international operator with a financial and infrastructure . . . ....

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