KKR (Kohlberg Kravis Roberts)
Is the majority shareholder of On Net Fibra Colombia, holding a 60% stake in our company. KKR is a leading global investment firm that provides solutions in asset management, capital markets, and insurance. KKR focuses on generating attractive returns on its investments by practicing discipline with its investment methodology, employing world-class human capital, and supporting the growth of its portfolio companies and communities. KKR backs investment funds that specialize in private equity, credit, and real assets, and it has strategic partners managing hedge funds. On Net Fibra leverages KKR's global expertise in digital infrastructure investments and the deployment and operation of fiber optic networks, as seen in On Net Fibra in Chile, Fibercop Italia, HyperOptic in the UK, Metronet in the US, and Open Dutch Fiber in the Netherlands.
Colombia Telecomunicaciones S.A. ESP BIC (Telefónica Colombia), a part of Telefónica Hispanoamérica, is one of the major drivers of the digital economy in the country, with revenues of 5.36 trillion pesos in 2020. The company, operating under the commercial brand Movistar, primarily focuses on mobile telephony and connectivity, broadband services, fiber-to-the-home, pay television, fixed-line telephony, and a comprehensive range of digital solutions for small, medium, and large enterprises and corporations.
Telefónica Colombia is present in 48 cities and municipalities across the country with fiber optic coverage. As of the end of 2022, Telefónica had a customer base of 23.9 million nationwide: 20.5 million mobile lines, 1.3 million broadband customers—854 thousand with fiber—704 thousand pay TV subscribers, and 1.4 million active fixed lines.
Telefónica has extensive experience in the deployment and operation of fiber optic networks, exemplified by Fibrasil in Brazil, Nexfibre in the UK, On Net Fibra in Chile, Unsere Grüne Glasfaser (UGG) in Germany, and Bluevía in Spain.