The CADE (Administrative Council for Economic Defense) has approved, without restrictions, the establishment of the joint venture between Telefónica de Brasil and the CDQP (Canadian fund Caisse de Depot et Placement du Québec), through which the latter acquired 50% of the capital stock of FiBrasil, for US$ 322 million, while another 25% of the capital stock was sold to Telefónica Infra, Telefónica's global infrastructure group.

FiBrasil is involved in the construction, development and operation of a neutral and independent fiber optic network at a wholesale level, which will provide FTTH services to telecommunications service operators.