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SUNDAY, NOVEMBER 1, 2026 · ISSUE No. 217

A2 · ElementaryAdapted from Expansión

Telefónica Sells Its Fiber Network in Chile

Telefónica vende su red de fibra en Chile

Oct 9, 20261 min readGraded Spanish · word-by-word audio

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Telefónica y KKR quieren vender su empresa de fibra óptica en Chile. La empresa se llama OnNet Fibra. KKR tiene el 60% de la empresa y Telefónica tiene el 40%. OnNet Fibra da servicio a casi todos los operadores de telecomunicaciones de Chile. Es una empresa mayorista de fibra neutra.

OnNet Fibra se creó en 2021. Telefónica vendió la mayoría de su empresa de fibra a KKR. En 2022, OnNet compró la infraestructura de fibra de Entel por 358 millones de dólares. Ahora OnNet tiene 5,2 millones de hogares con fibra en Chile y más de 69.000 kilómetros de red.

Telefónica ya vendió su filial en Chile a Millicom. Ahora Telefónica vende sus negocios en Latinoamérica. En poco más de un año, vendió siete compañías en la región. La empresa española quiere simplificar su negocio.

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Watch out, English speaker

Spanish uses 'ir a + infinitive' for the near future, while English often relies on 'going to' or the present progressive. English speakers may mistakenly translate 'va a ocurrir' as 'goes to happen' instead of 'is going to happen.' Remember that 'ir' must be conjugated to match the subject, and 'a' is always required before the infinitive. Another common trap is word order and verb agreement: in Spanish, the conjugated form of 'ir' changes with the subject (voy, vas, va, vamos, vais, van), unlike the fixed 'going to' in English. Also, English speakers might omit 'a' because English 'going to' already includes 'to,' but in Spanish the preposition 'a' is mandatory. For example, 'La venta no va a ocurrir' literally means 'The sale is not going to happen,' not 'The sale goes not to happen.'

Key vocabulary

  • venderv.

    to sell

    “Telefónica y KKR quieren vender su empresa de fibra óptica en Chile.”— Telefónica and KKR want to sell their fiber optic company in Chile.

    Pattern poner en venta — to put up for sale

    Compare comercializar — to sell

    vendo, vendes, vende, vendemos, vendéis, venden

    💡 Cognate with English 'vend'; note that Spanish 'v' is pronounced close to 'b'.

  • empresaf.

    company, business

    “La empresa se llama OnNet Fibra.”— The company is called OnNet Fibra.

    Pattern empresa de fibra óptica — fiber-optic company

    Compare compañía — company

    plural: empresas

    💡 From the verb emprender (to start, to launch); originally meant 'the undertaking that has been started'.

  • fibraf.

    fiber; fiber optic

    “Es una empresa mayorista de fibra neutra.”— It is a neutral wholesale fiber company.

    Pattern fibra óptica — fiber optic

    plural: fibras

    💡 fibra óptica is a fixed collocation; óptica means 'optical'.

  • operadorm.

    operator, carrier

    “OnNet Fibra da servicio a casi todos los operadores de telecomunicaciones de Chile.”— OnNet Fibra serves almost all telecommunications operators in Chile.

    Pattern operador de telecomunicaciones — telecommunications operator

    Compare proveedor — provider

    plural: operadores

    💡 From the verb operar (to operate); the suffix -dor indicates 'one who does something'.

  • deudaf.

    debt

    “Pero la deuda de la empresa es muy alta.”— But the company's debt is very high.

    Pattern tener deuda — to have debt

    Compare pasivo — liabilities

    plural: deudas

    💡 From Latin debitum, cognate with English 'debt'.

  • filialf.

    subsidiary, branch

    “Telefónica ya vendió su filial en Chile a Millicom.”— Telefónica already sold its subsidiary in Chile to Millicom.

    Pattern filial en Chile — subsidiary in Chile

    Compare sucursal — branch

    plural: filiales

    💡 From Latin filius (son), extended to mean 'subsidiary'.

  • negociom.

    business, trade

    “Ahora Telefónica vende sus negocios en Latinoamérica.”— Now Telefónica is selling its businesses in Latin America.

    Pattern hacer negocios — to do business

    Compare comercio — commerce

    plural: negocios

    💡 From Latin negotium (not leisure), i.e. 'business, affair'.

  • millónm.

    million

    “El valor de la empresa puede ser entre 1.500 y 2.000 millones de dólares.”— The company's value could be between 1.5 and 2 billion dollars.

    Pattern millones de dólares — millions of dollars

    plural: millones

    💡 Note the plural form millones in Spanish.

Grammar spotlight

ir a + infinitive (near future)

A1

This structure expresses an action or plan that is about to happen. It is formed with the present tense of the verb ir, followed by the preposition a, and then an infinitive. It is equivalent to 'going to' in English.

“La venta no va a ocurrir este año. Va a ocurrir en 2027.”— The sale is not going to happen this year. It is going to happen in 2027.

⚠️ Don't forget the preposition a: you cannot say 'voy vender'; you must say 'voy a vender'.

Sentence patterns to steal

  • Telefónica y KKR quieren vender su empresa de fibra óptica en Chile.

    Telefónica and KKR want to sell their fiber optic company in Chile.

    [subject] + querer + [infinitive] + [object]You can replace the subject and infinitive, e.g., Quiero aprender español.
  • La venta no va a ocurrir este año. Va a ocurrir en 2027.

    The sale is not going to happen this year. It is going to happen in 2027.

    [subject] + ir a + [infinitive] + [time]You can replace the time and verb, e.g., Voy a viajar mañana.
  • En poco más de un año, vendió siete compañías en la región.

    In just over a year, it sold seven companies in the region.

    En poco más de + [time], + [past tense verb]You can replace the time and action, e.g., En poco más de un mes, aprendí mucho.

Telefónica in Latin America

Telefónica is one of Spain's largest telecommunications companies and has long had extensive operations in Latin America. In recent years, the company has been gradually selling off its Latin American subsidiaries to simplify its business and reduce debt. OnNet Fibra is its wholesale fiber joint venture with KKR, providing neutral fiber network services to several telecommunications operators in Chile.

Source: Expansión news and Telefónica official information

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