América Móvil and Entel are individually pursuing Telefonica’s assets in Chile, ending plans for a joint bid. With both telecom giants now independently assessing opportunities, Chile’s telecom market could see major shifts. This competitive landscape ensures intriguing dynamics, as each seeks to leverage strategic advantages in acquiring Telefonica’s lucrative assets.
Telefonica and Entel are poised to merge their fiber infrastructure in Peru, with KKR being the expected majority stakeholder, following Telefonica’s previous success in other Latin American markets. This move anticipates significant expansion of Peru’s high-speed connectivity by leveraging KKR’s successful fiber ventures in Chile and Colombia, amidst the industry’s race to a digitally-empowered future. Details of the deal remain discreet as it awaits regulatory approval.
