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BRIEF-Telefónica And CDPQ Reach Agreement To Create Neutral Fibre Wholesale Network Provider In Brazil

Published 2021-03-02, 04:57 p/m
© Reuters.

March 2 (Reuters) - Caisse de dépôt et placement du Québec CDPDA.UL :

* TELEFÓNICA, TELEFÔNICA BRASIL AND CDPQ CREATE FIBRASIL, A NEUTRAL FIBRE WHOLESALE NETWORK PROVIDER IN BRAZIL

* CAISSE DE DEPOT ET PLACEMENT DU QUEBEC - IS INVESTING A TOTAL OF UP TO R$1.8 BILLION (CA$408 MILLION) IN JOINT VENTURE

* CAISSE DE DEPOT ET PLACEMENT DU QUEBEC - TELEFÓNICA GROUP AND CDPQ WILL EACH HOLD 50% UNDER A CO-CONTROL GOVERNANCE MODEL

* CAISSE DE DEPOT ET PLACEMENT DU QUEBEC - DEPLOYMENT PLAN FULLY FINANCED THROUGH CDPQ'S INVESTMENT AND NEW DEBT EXPECTED TO BE RAISED BY FIBRASIL

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