On Net hits three million homes passed by FTTH

8 Feb 2022

Wholesale fibre infrastructure provider On Net Fibra has reached three million homes passed by its fibre-to-the-home (FTTH) network, providing coverage of roughly half of all existing homes in Chile. In a statement the firm, which was spun off from Movistar Chile in July 2021 and is now majority owned by KKR (Movistar retains a minority stake in the business), claims to have invested around USD100 million over the first seven months of its operation to increase its network footprint by 20%.

On Net Fibra General Manager Jose Miguel Torres said of the milestone: ‘Reaching half of the country’s homes with the possibility of high speed access allows us to consolidate our leadership position in the deployment of fibre optic networks, with a unique potential and competitiveness in the market so that our current and future clients can use our network, and thus focus on delivering their services to homes and businesses in Chile.’