Telefónica Brazil, owner of Vivo, announced that it will acquire more than 50% of FiBrasil’s shares for US$153.6 million, under an agreement established with the Canadian group La Caisse (formerly CDPQ).
If the transaction is finalized, Vivo will hold 75.01% of FiBrasil’s share capital. FiBrasil operates in the neutral fiber network market. The remaining 24.99% is owned by Telefónica Infra, a unit controlled by the Telefónica