Friday, March 24, 2023
  • Login
Euro Times
No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
Euro Times
No Result
View All Result

Chile’s Entel to sell fiber optic assets for $358 million By Reuters

by Reuters
October 23, 2022
in Stock Market
Reading Time: 1 min read
A A
0
Home Stock Market
Share on FacebookShare on Twitter


© Reuters. FILE PHOTO: Workers clean the windows of the office building of Chilean telecommunications company Entel at the district of San Isidro in Lima, Peru September 1, 2018. REUTERS/Mariana Bazo/File Photo

SANTIAGO (Reuters) – Chilean telecoms giant Entel said on Saturday it would sell the assets of its fiber optic business, which provides services to homes, to local company ON*NET Fibra in a deal worth $358 million.

The sale, led by investment banks BNP Paribas (OTC:), Santander (BME:) and financial adviser Scotiabank, is subject to approval by Chile’s economic regulator, expected in the first half of 2023.

Entel and ON*NET Fibra signed an agreement as part of the deal that will enable Entel to continue offering internet services for residences on ON*NET’s network, Entel said in a statement.

“By selling our network, rather than leaving the fixed market, we are increasing coverage rapidly to offer our internet services to the home at efficient costs and without the need to invest the sums required for a fiber deployment with this coverage,” the statement added.

Following the closing of this transaction, ON*NET Fibra is expected to reach more than 4.3 million homes in 2024.

Entel has operations in Chile and Peru and has more than 20 million mobile subscribers.



Source link

Tags: AssetsChilesEntelfiberMillionopticReutersSell
Previous Post

Bitcoin Whales Who Accumulated At $18k Have Continued To Hold Strong

Next Post

MCU 2023 Calendar: What movies and Disney Plus TV shows are on the way?

Related Posts

Oxford Industries, Inc. (OXM) Q4 2022 Earnings Call Transcript

by Euro Times
March 24, 2023
0

Oxford Industries, Inc. (NYSE:OXM) Q4 2022 Earnings Conference Call March 23, 2023 4:30 PM ET Company Participants Jevon Strasser -...

Customers Bancorp weighs making an offer for Silicon Valley Bank

by Reuters
March 24, 2023
0

© Reuters. FILE PHOTO: The Silicon Valley Bank branch office is pictured in downtown San Francisco, California, U.S., March 13,...

Stocks making the biggest moves midday: NFLX, SQ, SNAP, KBH

by Index Investing News
March 24, 2023
0

Check out the companies making the biggest moves midday:Netflix — The streaming giant’s stock climbed 9.01% following a report from...

Zacks Ultimate Review: Is Zacks Ultimate Legit?

by Index Investing News
March 23, 2023
0

Sometimes investing seems more like a crapshoot than an art, let alone a science. You can pore over data and...

Credit Suisse had ‘aced’ Fed stress test in June 2022

by /u/Sinuminnati
March 23, 2023
0

Link: https://www.reuters.com/markets/us/european-banks-ace-us-feds-stress-test-show-strong-capital-levels-2022-06-23/ European banks ace U.S. Fed's stress test, show strong capital levels The U.S. units of major European lenders...

Movie theater stocks pop after report says Apple plans to spend $1B on releases

by /u/Puginator
March 24, 2023
0

https://www.cnbc.com/2023/03/23/apple-movie-plan-boosts-theater-stocks-amc.html Cinema stocks jumped Thursday after a report said Apple plans to spend $1 billion a year on theatrical film...

Next Post

MCU 2023 Calendar: What movies and Disney Plus TV shows are on the way?

Jeffrey Dahmer tortured and killed my dad - now the deranged murderer stalks me in my sleep after I watched Netflix show

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Viacom18 bags media rights of MotoGP in India

March 24, 2023

This U.K. team brings hospital care into homes. Could more of these programs help Canada?

March 24, 2023

Quordle today – hints and answers for Friday, March 24 (game #424)

March 24, 2023

Finance Bill: How will new Mutual Fund rules impact investors from April 1?

March 24, 2023

Asia markets lower as investors digest Yellen’s remarks on banks; Japan core inflation slo

March 24, 2023

The BIG Economic Implications of US Bank Failures

March 24, 2023
Euro Times

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Finance
  • Health
  • Investing
  • Markets
  • Politics
  • Stock Market
  • Technology
  • Uncategorized
  • World

LATEST UPDATES

Viacom18 bags media rights of MotoGP in India

This U.K. team brings hospital care into homes. Could more of these programs help Canada?

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In