Chile’s competition authority has cleared OnNet Fibra’s $432 million acquisition of Entel’s fibre optic business, subject to a divestiture package and the modification of several contractual terms. The National Economic Prosecutor announced the conditional clearance on Friday, imposing structural and behavioural remedies to ensure that the deal does not harm competition for wholesale fibre optic access services for Chilean households. OnNet agreed to sell Entel’s fibre optic network for homes in Santiago, Providencia, Vitacura, Lo Barnechea, Las Condes, La Reina, Concón and Calama to an approved buyer. OnNet and Entel also agreed to reduce the duration of exclusivity and non-compete clau
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