Jul 11, 08:36 AM

Telefônica Brasil Acquires Remaining 50% of FiBrasil for 131 Million Euros (R$850 Million), Gains Full Control of Fiber Optic Company in Brazil

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Telefônica Brasil has completed the acquisition of the remaining 50% stake in FiBrasil for 131 million euros (approximately R$850 million), gaining full ownership of the fiber optic company. This transaction consolidates Telefônica's control over FiBrasil, also known as 'fiberco,' and strengthens its position in the fixed broadband segment in Brazil, one of its key markets. The move underscores Telefônica's strategic focus on expanding its fiber optic infrastructure in the country.

#Telefônica Brasil #FiBrasil #Telefônica #Brazil

Written with ChatGPT (GPT-4).

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