Simpson Thacher is representing KKR in connection with its agreement with Telefónica, a leading global telecommunications company, to establish Chile’s first open access wholesale fiber optics company with the mission to bring greater broadband access across Chile. Under the agreement, KKR will acquire a majority stake in Telefónica Chile’s existing fiber optic network, the largest such network in Chile, and make that network open to all current and future telecom operators in Chile, creating a competitive marketplace benefitting consumers and businesses across the country.~~KKR is making the investment through its Global Infrastructure Investors III Fund. KKR first established its global infrastructure team and strategy in 2008 and has since been one of the most active infrastructure investors around the world. Over this period, KKR has deployed more than $24 billion across approximately 40 infrastructure investments, and currently has a team of 45 dedicated investment professionals.~~The Simpson Thacher team includes Breen Haire, Todd Crider, Karen McClendon, Ana Sanchez, Michael Spirtos, Alexander Gonzalez Castillo and Braxton Pitts (M&A); Robert Meyer and Humberto Romero Carrillo (Credit); Nancy Mehlman and William Smolinski (Tax); and Étienne Renaudeau and Pauline Patat (Antitrust).