Companies

Telefónica chapa sede 1

KKR and Telefónica put their Chilean ‘fiberco’ up for sale for up to 1.5 billion

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…

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photovoltaic energy in Spain

Photovoltaic Bubble Bursts as the Sector Tries to Negotiate a Debt Moratorium with the Government

Yesterday, Enerside, a Catalan photovoltaic company, filed for bankruptcy. With less than €6 million in revenue and over €60 million in debt, it is not an isolated case. The bursting of the photovoltaic bubble has left solar plant developers in Spain—a community of nearly a thousand companies of varying sizes—facing severe financial distress, with over 15% of the solar fleet at risk of insolvency due to an inability to service…