(CercleFinance.com) – KKR will acquire a majority stake in PangeaCo and the existing fiber optic networks of Telefónica del Perú and Entel Perú to build Peru’s first national open-access wholesale fiber optic company.
The transaction will combine the existing fiber optic networks of PangeaCo, Telefónica del Perú and Entel Perú into an independent company controlled by KKR.
KKR plans to make about $200 million in additional investment to more than double the super-fast fiber network to reach 5.2 million households in 86 provinces by the end of 2026.
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