Copel sells telecom assets for $452 mm

Copel sold its telecommunications unit at auction on the B3 exchange for R$2.395 billion ($452 mm) to the Bordeaux investment fund, and this should increase the focus of its contributions to the electricity sector. Copel Telecom has 100% of its technology in fibre optics and has 36,000 km of cables that carry high-speed internet to the 399 municipalities of Paraná.

Source: Reuters