PE Deals

Telefonica shortlists Allianz, CDPQ on fiber network deal: Reuters

Telefonica has admitted Allianz Global Investors and Caisse de dépôt et placement du Québec to the final stages of an auction for a slice of its rural fiber network in Spain, Reuters reported.

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Telefonica has admitted Allianz Global Investors and Caisse de dépôt et placement du Québec to the final stages of an auction for a slice of its rural fiber network in Spain, Reuters reported. Vauban Infrastructure Partners has also been shortlisted to carry out due diligence on the unit, which is valued at more than €2 billion ($2.15 billion). Telefonica is selling a minority stake of about 45 percent of the business.

Source: Reuters