Telefonica shortlists Allianz, CDPQ for Spanish fiber network deal: Sources

LONDON: Telefonica has admitted Allianz Global Investors and Canadian pension fund CDPQ to the final stages of an auction for a slice of its rural fiber network in Spain, which serves about three million homes in smaller villages, three sources close to the matter told Reuters.

French investment firm Vauban Infrastructure Partners has also been shortlisted to carry out due diligence on the unit which is valued at more than 2 billion euros ($2.15 billion), said the sources, who asked not to be named as they were not authorized to speak.

Dutch pension fund PGGM may team up with Allianz as part of a consortium, another source said, while Vauban could also seek a bidding partner.