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Top related persons:
Inti Landauro - 1 Jacqueline Wong - 1 David Goodman - 1
Top related locs:
MADRID Peru U.S Spanish
Top related orgs:
Telefonica - 1 KKR - 1 Entel - 1 Santander - 1 Thomson - 1

Search resuls for: "Entel"


2 mentions found


☆ Telefonica sells controlling stake in Peruvian fibre optic network to KKR
  + stars: | 2023-07-07 | by ( ) www.reuters.com   time to read: +1 min
MADRID, July 7 (Reuters) - Telefonica (TEF.MC) has sold a 54% stake in its fibre optic network in Peru to U.S. private equity fund KKR (KKR.N) and 10% to Entel's (ENTEL.SN) local business, the Spanish telecoms group said on Friday, adding that it will retain the remaining 36%. In many markets, the company has separated the infrastructure into different units to maximise the value of its disposed assets. The Spanish company did not disclose the value of the transaction but said the deal would cut its debt by 200 million euros ($217.8 million). The transaction valued 100% of the unit at about 550 million euros, including debt, according to a banking source close to the deal. The new company, Pangeaco, will combine the existing fibre optic network in Peru from Telefonica and Entel, KKR firm said in a separate statement.
Persons: Inti Landauro, Jacqueline Wong, David Goodman Organizations: Telefonica, KKR, Entel, Santander, Thomson Locations: MADRID, Peru, U.S, Spanish
☆ Chile's Entel to sell fiber optic assets for $358 million
  + stars: | 2022-10-22 | by ( ) www.reuters.com   time to read: +1 min
SANTIAGO, Oct 22 (Reuters) - Chilean telecoms giant Entel (ENTEL.SN) said on Saturday it would sell the assets of its fiber optic business, which provides services to homes, to local company ON*NET Fibra in a deal worth $358 million. Entel and ON*NET Fibra signed an agreement as part of the deal that will enable Entel to continue offering internet services for residences on ON*NET's network, Entel said in a statement. Following the closing of this transaction, ON*NET Fibra is expected to reach more than 4.3 million homes in 2024. Entel has operations in Chile and Peru and has more than 20 million mobile subscribers. Register now for FREE unlimited access to Reuters.com RegisterReporting by Fabian Cambero in Santiago Writing by Cassandra Garrison Editing by Matthew LewisOur Standards: The Thomson Reuters Trust Principles.
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