# C_2021120EN.01000501.xml

| 8.4.2021 | EN | Official Journal of the European Union | C 120/5 |
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8.4.2021

EN

Official Journal of the European Union

C 120/5

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Prior notification of a concentration

(Case M.10210 — KKR/Telefónica/Infraco)

Candidate case for simplified procedure

(Text with EEA relevance)

(2021/C 120/04)

1.

This notification concerns the following undertakings:

| — | KKR & Co. Inc. (‘KKR’, USA) |
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KKR & Co. Inc. (‘KKR’, USA)

| — | Telefónica, SA (‘Telefónica’, Spain) |
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Telefónica, SA (‘Telefónica’, Spain)

| — | Infraco S.p.A. (‘Infraco’, Chile). |
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Infraco S.p.A. (‘Infraco’, Chile).

KKR and Telefónica acquire within the meaning of Articles 3(1)(b) and 3(4) of the Merger Regulation joint control of the whole of Infraco.

The concentration is accomplished by way of purchase of shares.

2.

| — | for KKR: global investment firm that manages multiple alternative asset classes including private equity, energy, infrastructure, real estate and credit, with strategic partners that manage hedge funds, offering a broad range of investment management services to fund investors and provides capital markets solutions to the firm, its portfolio companies and third parties. |
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for KKR: global investment firm that manages multiple alternative asset classes including private equity, energy, infrastructure, real estate and credit, with strategic partners that manage hedge funds, offering a broad range of investment management services to fund investors and provides capital markets solutions to the firm, its portfolio companies and third parties.

| — | for Telefónica: global telecommunications company headquartered in Madrid, Spain, which operates fixed and mobile communication networks. It offers mobile, landline, internet and television services under a number of brands, including Movistar, O2 and Vivo. Telefónica is listed on the Madrid, New York, and Lima Stock Exchanges. |
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for Telefónica: global telecommunications company headquartered in Madrid, Spain, which operates fixed and mobile communication networks. It offers mobile, landline, internet and television services under a number of brands, including Movistar, O2 and Vivo. Telefónica is listed on the Madrid, New York, and Lima Stock Exchanges.

| — | for Infraco: company headquartered in Chile which was incorporated in January 2020 by Telefónica Chile S.A., a company part of the Telefónica group, to operate Telefónica Chile S.A.’s fiber network in Chile. Specifically, Infraco’s business will consist of building, operating and marketing fiber optic network infrastructure for the provision of wholesale telecommunications services in Chile. Infraco will exclusively operate in Chile and has no intention to enter into the EEA. |
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for Infraco: company headquartered in Chile which was incorporated in January 2020 by Telefónica Chile S.A., a company part of the Telefónica group, to operate Telefónica Chile S.A.’s fiber network in Chile. Specifically, Infraco’s business will consist of building, operating and marketing fiber optic network infrastructure for the provision of wholesale telecommunications services in Chile. Infraco will exclusively operate in Chile and has no intention to enter into the EEA.

3.

Pursuant to the Commission Notice on a simplified procedure for treatment of certain concentrations under the Council Regulation (EC) No 139/2004 (2) it should be noted that this case is a candidate for treatment under the procedure set out in the Notice.

4.

Observations must reach the Commission not later than 10 days following the date of this publication. The following reference should always be specified:

M.10210 – KKR/Telefónica/Infraco

Observations can be sent to the Commission by email, by fax, or by post. Please use the contact details below:

Email: COMP-MERGER-REGISTRY@ec.europa.eu

Fax +32 22964301

Postal address:

| European Commission |
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| Directorate-General for Competition |
| Merger Registry |
| 1049 Bruxelles/Brussel |
| BELGIQUE/BELGIË |

European Commission

Directorate-General for Competition

Merger Registry

1049 Bruxelles/Brussel

BELGIQUE/BELGIË

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(1)  OJ L 24, 29.1.2004, p. 1 (the ‘Merger Regulation’).

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(2)  OJ C 366, 14.12.2013, p. 5.

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