Jorge Allende Destuet and Ignacio Errazquin

CMS counsels Onnet and KKR on connectivity deal with ClaroVTR

CMS Carey & Allende has counselled Onnet and KKR on the closing of a long-term agreement for the provision of infrastructure services for connectivity with ClaroVTR.

This transaction will benefit individuals and businesses and promote greater competition in the internet market throughout the country, as it will allow ClaroVTR to access ON*NETFIBRA’s fibre optic network and thereby expand its current fibre optic coverage, reaching all 16 regions of the country, offering its end customers – homes, SMEs and businesses – high quality and high speed fibre optic connectivity services. 

In addition to the firm’s advisory services, Banco Santander, KPMG, Analysys Mason, and KCM (KKR Capital Markets) also advised in the deal, as well as Ferrada Nehme acting as advisor to Claro VTR.

CMS’s team included partners Jorge Allende D. (pictured left) and Ignacio Errazquin (pictured right) and senior associate Enrique Vergara.

Ferrada Nehme’s team comprised partner Juan Andrés Bretón, director Roberto Carrillo, and associates Luciano Pardo and Kelly Vega.

L Giselle Estrada