KKR & Co. and Vauban Infrastructure Partners have emerged as the final contenders vying for a majority stake in Portuguese fiber network operator DStelecom.

The potential acquisition marks a significant move in the European telecommunications infrastructure market. DStelecom, a key player in Portugal's digital connectivity landscape, has attracted interest from these prominent infrastructure investors. The specifics of the deal, including the valuation and the exact percentage of the stake being acquired, remain undisclosed.

Both KKR and Vauban are known for their substantial investments in infrastructure assets globally. KKR, a leading global investment firm, has a diverse portfolio that includes significant digital infrastructure holdings. Vauban Infrastructure Partners, a dedicated infrastructure fund, also has a track record of acquiring and developing essential infrastructure networks.

The sale process is reportedly in its advanced stages, with KKR and Vauban submitting their final bids. The outcome is expected to be determined soon, potentially reshaping the ownership of a critical piece of Portugal's digital backbone. The transaction underscores the ongoing appetite for fiber optic infrastructure as demand for high-speed internet continues to grow.