Telefónica begins the sale process for its fiber optic network in Chile
The Spanish company Telefónica has officially begun the process to sell its stake in OnNet Fibra, the telecommunications infrastructure company operating in Chile. This operation is being carried out in collaboration with the American investment fund KKR, a partner in this project for several years.
The market value of OnNet Fibra is currently estimated at between 1.5 and 2 billion dollars. According to sources close to the operation, the objective of this sale is to optimize the company's financial structure and continue with its strategy of debt reduction and focus on key markets.
The sale process is in an initial phase and is not expected to conclude for several months. During this time, both companies will seek investors interested in acquiring this network, which has extensive fiber optic coverage in Chilean territory, enabling connectivity for millions of households.
This decision is part of a broader move by Telefónica to manage its assets more efficiently on a global level. The company seeks to simplify its operational structure while maintaining its commitment to offering high-quality services in the countries where it operates.
In conclusion, the sale of OnNet Fibra represents a significant step for the Spanish multinational in its infrastructure management. Financial markets will be attentive to the evolution of this transaction, which could set a precedent for future similar operations by the company in other countries.