March 4, 2021 |
The Brazilian subsidiary of the Spanish telecommunications company Telefónica said Tuesday that it has formed a joint venture with the Canadian pension fund manager Caisse de dépôt et placement du Québec (CDPQ) to develop a fiber optic network in Brazil.
CDPQ will invest BRL1.8 billion ($320 million) and hold a 50% stake in the new company, FiBrasil Infraestrutura e Fibra Ótica, according to Telefónica.
FiBrasil will build and operate a "neutral and independent optical fiber wholesale network" i
Canadian pension fund will invest $320 mln and own half of the joint venture with the Spanish telco