Telefónica: EU authorises acquisition of FiBrasil

(CercleFinance.com) - The European Commission has cleared the acquisition of joint control of the newly created company FiBrasil Infraestrutura e Fibra Ótica in Brazil, by Caisse de Dépôt et Placement du Québec (CDPQ), from Canada and Spain's Telefónica.


FiBrasil is specialised in the construction, development and operation of a neutral and independent wholesale fiber optic network in Brazil.

The Commission concluded that the proposed acquisition would not pose any competition concerns, as FiBrasil has no current or planned businesses in the European Economic Area.


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