KKR seals $1B pact for Chilean fiber-optic network
February 24, 2021
KKR has agreed to acquire a majority stake in the Chilean fiber-optic network of telecom company Telefónica in a transaction worth around $1 billion. Telefónica will retain a 40% stake in the network as part of the deal, which will close sometime in the first half of 2021. Funds for the investment will come via KKR's Global Infrastructure Investors III fund, which closed on $7.4 billion in 2018.