November 9, 2021
Spanish wholesale telecommunications services company Ufinet said Monday that it will invest up to $250 million in Ecuador in the coming years as it completes the acquisition of local network operator Nedetel.
Ufinet said on October 19 that it had agreed to buy Nedetel for an undisclosed amount. It said Monday that it plans to make an initial investment of $150 million in Ecuador, followed by another $100 million with support from shareholders British private equity firm Cinven and Italian elect
Spanish fiber-optic network operator plans to spend $250 mln in coming years as it incorporates the acquisition of Nedetel