Streetbeat News

CPNBF

Telefonica del Peru S.A.A.

http://www.telefonica.com.pe/

CEO

Pedro Salvador Cortez Rojas

Employees

6,163

Industry

Telecommunications Resellers

Open

N/A

Mkt cap

N/A

Volume

N/A

High

N/A

P/E Ratio

N/A

52-wk high

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Low

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Div yield

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52-wk low

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KKR & Co Inc. has agreed to acquire Chase Corporation for approximately $1.3 billion, including the assumption of debt. The deal values Chase at $127.50 per share in cash, implying a valuation of approximately 13x trailing twelve months EBITDA. After the transaction, Chase will become a privately held company wholly owned by an affiliate of KKR's investment funds and will no longer have its common stock listed on any public market.

Portfolio Pulse from Lekha Gupta

July 21, 2023 | 12:51 pm

KKR & Co Inc is reportedly considering selling its 70% stake in NVC Lighting's China business. The deal could potentially bring in around $1 billion in proceeds. The sale could be announced later this year. Last week, KKR disclosed a deal to acquire a majority stake in PangeaCo and the existing fiber optic networks of Telefonica del Peru SAA and Entel Perú.

Portfolio Pulse from Lekha Gupta

July 11, 2023 | 12:25 pm

TikTok plans to launch a new music streaming service in Brazil and Indonesia, posing a threat to Spotify. Cronos Group is considering a potential sale after attracting acquisition interest. DISH Network is considering merging with EchoStar Corp. Novo Nordisk has filed lawsuits against pharmacies for illegally selling products containing semaglutide. Alibaba's stock is trading higher amid reports of China looking to end its regulatory overhaul on Ant Group. Starbucks is being sued by the National Labor Relations Board for illegal termination. ChatGPT's website traffic and app downloads have declined. Zoom Video is planning to double its technology investments in the Asia-Pacific region. Broadcom is considering a major investment in Spain's semiconductor sector. Airbus delivered 72 airplanes to 48 customers in June. KKR is acquiring a majority stake in PangeaCo. Tesla is laying off some battery production workers at its Shanghai plant. LVMH-backed firm is considering an IPO of Birkenstock in the US market.

Portfolio Pulse from Vandana Singh

July 07, 2023 | 1:31 pm

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.

Portfolio Pulse from Lekha Gupta

July 07, 2023 | 11:31 am

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.

Portfolio Pulse from Benzinga Newsdesk

July 07, 2023 | 6:05 am

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