KKR To Acquire Controlling Interest In PangeaCo And The Fiber Optic Networks Of Telefónica Del Perú And Entel Perú
Portfolio Pulse from Benzinga Newsdesk
Global investment firm KKR has agreed to acquire a majority interest in PangeaCo and the fiber optic networks of Telefónica del Perú and Entel Perú. KKR plans to invest an additional $200 million to expand the digital infrastructure, aiming to double the network to at least 5.2 million homes across Perú by 2026. KKR will own a 54% controlling interest in Perú's first independent open access wholesale fiber optic network, with 36% owned by Telefónica Hispanoamérica and 10% owned by Entel Perú.
July 07, 2023 | 6:05 am
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KKR's acquisition of a majority stake in PangeaCo and the fiber optic networks of Telefónica del Perú and Entel Perú, along with its planned $200 million investment, could potentially boost its revenues and profitability in the long term.
KKR's acquisition and planned investment indicate a strategic move to expand its digital infrastructure footprint in Perú. This could potentially lead to increased revenues and profitability in the long term, positively impacting its stock price.
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