RIO DE JANEIRO, BRAZIL – The Telefonica Group, owner of Vivo, yesterday announced a deal to create its own network company, called FiBrasil. According to the announcement, the Spanish company will join forces with Caisse de dépôt et placement du Québec (CDPQ), a global investment group based in Canada.
Vivo’s owner and CDPQ will build, develop and operate a neutral and independent wholesale fiber optic network. In other words, the plan is for this company to lease its network to other companies in the telecommunications sector and industries.
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