Telefonica creates another fibre JV, this time in Colombia

Telefonica is spinning off its fibre business in Colombia and has agreed to sell a majority stake to KKR, lopping US$200 million off its debt pile in the process.
We knew it was coming. Earlier this year Telefonica sold off fibre assets in Brazil and Chile via similar co-investment models and indicated that there were more fibre details in the pipeline at its Latin American operations.
And we perhaps could have guessed that KKR would be a likely investment partner. The investment group took a 60