KKR Buys Stake In PangeaCo, Build Fiber Optic Network Platform
Portfolio Pulse from Lekha Gupta
KKR & Co Inc has announced a deal to acquire a majority stake in PangeaCo and the existing fiber optic networks of Telefonica del Peru SAA and Entel Perú. The investment will be made through KKR's Global Infrastructure Investors III fund. The deal will result in the creation of ON*NET Fibra de Perú, an independent company controlled by KKR, which will operate the largest fiber optic network in Peru. KKR will own a 54% stake in the new company, with Telefonica Hispanoamérica and Entel Perú holding 36% and 10% respectively.

July 07, 2023 | 11:31 am
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POSITIVE IMPACT
Telefonica del Peru's sale of its fiber optic network to KKR could potentially result in a cash influx for the company.
The sale of its fiber optic network to KKR could result in a cash influx for Telefonica del Peru, which could be used to invest in other areas of the business or to pay down debt. This could have a positive impact on the company's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
POSITIVE IMPACT
KKR's acquisition of a majority stake in PangeaCo and the fiber optic networks of Telefonica del Peru and Entel Perú could potentially increase its assets and expand its infrastructure portfolio.
The acquisition will increase KKR's assets and expand its infrastructure portfolio, which could potentially lead to increased revenues in the future. This could have a positive impact on KKR's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100