Telefonica's plan to sell its Peruvian fiber optic network, valued at €550 million, fell through due to unmet conditions.

Telefonica's plan to sell stakes in its Peruvian fiber optic network to KKR and Entel has fallen through due to unmet conditions. Announced in July 2023, the deal aimed to reduce Telefonica's debt by €200 million and valued the network at about €550 million. Despite the collapse, Telefonica continues discussions with both companies to explore other options to manage its debt and fund 5G investments.

November 29, 2024
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