Brief: Telefónica And CDPQ Reach Agreement To Create Neutral Fibre Wholesale Network Provider In Brazil

Telefonica Brasil, SA

02/03/2021 21:57

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

Source text for Eikon:  ID:nCNWfRx8Ya 
Further company coverage:  CDPDA.UL 

 ((Reuters.Briefs@thomsonreuters.com;))