Telefónica and KKR have decided to put their joint subsidiary OnNet Fibra up for sale, a Chilean neutral wholesale fiber optic company (fiberco) that provides service to most Chilean telecommunications operators. The company is 60% owned by the American fund, while the remaining 40% of the share capital is controlled by TEF. According to the press, the company could have an ‘Enterprise value’ of between $1.5 – 2 billion (between EUR 1.34 – 1.8 billion), although the net value of the equity (equity value) for the shareholder partners would be much lower than this figure, as the company carries high debt.
KKR and Telefónica put their Chilean ‘fiberco’ up for sale for up to 1.5 billion
