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WALL STREET JOURNAL// FEBRUARY 19, 2021
KKR Executive’s Push to Spread Employee Stock Ownership Begins to Gain Traction
KKR Executive’s Push to Spread Employee Stock Ownership Begins to Gain Traction

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INFRASTRUCTURE // FEBRUARY 22, 2021
KKR To Acquire Telefónica Chile’s Wholesale Fiber Optic Network To Create First Open Access Network In Chile

Newly Formed Independent Company to Increase High Speed Broadband Access for Chileans

KKR, a leading global investment firm, today announced it has entered into an agreement with Telefónica, a leading global telecommunications company, to establish Chile’s first open access wholesale fiber optics company with the mission to bring greater broadband access across Chile.

Under the agreement, KKR will acquire a majority stake in Telefónica Chile’s existing fiber optic network, the largest fiber optic network in Chile, and make that network open access through a newly established independent Chilean company with assets managed locally. Telefónica will hold a 40% stake in the business. The newly formed enterprise will serve as Chile’s first wholesale digital infrastructure network open to all current and future telecom operators in Chile, creating a competitive marketplace benefitting consumers and businesses across the country

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