RIO DE JANEIRO, BRAZIL - Telefónica continues to forge partnerships related to the management of fixed telecommunications networks.
The company announced an infrastructure sharing agreement with Argentine company Sion, comprising a US$97.5 million investment over a 3-year period to upgrade and develop network infrastructure, mainly in the southern part of the country.
Unlike agreements signed by the company in Chile and Colombia, where the infrastructure division incorporated KKR as one of its shareholders, this deal aims to share infrastructure in an unprecedented way in the world until now, considered the first of its kind.
It does so . . .