Telecommunications company Telefonica, whose operations in Brazil are branded as ‘Vivo’, has announced that the neutral fibre network operator FiBrasil has officially started operating in the country.
The new company ‘FiBrasil Infraestrutura e Fibra Ótica S.A. or FiBrasil is created by Telefonica Brasil, Telefonica Infra - the company’s infrastructure unit -, and the global investment group Caisse de dépôt et placement du Québec (CDPQ). Telefonica Group and CDPQ each own a 50% stake in FiBrasil.
FiBrasil will start its operations with initial coverage of 1.6 million homes and is expected to roll out FTTH infrastructure in 5.5 million households and businesses over the next four years.
According to the press release, it will bring fibre infrastructure to 5.5 million homes and businesses over the next four years and will provide access to a neutral, ultra-high-speed fibre network in a wholesale model for companies that want to expand their coverage throughout Brazil.
Vivo will be FiBrasil’s first wholesale customer, with a 10-year contract, and will rely on the infrastructure of FiBrasil to increase its expansion plan for fiber network in the coming years. With FiBrasil, Vivo will reach 24 million Brazilian households by the end of 2024. FiBrasil, as a neutral wholesale operator, will have its network open to be also accessed by other telecom companies.