Morrison & Co Acquires 33% Stake in Spanish Fiber Network Company Lyntia | New

Infrastructure asset manager Morrison & Co has acquired a 33.3% stake in Spanish fiber optic network company Lyntia Networks.

Morrison & Co, on behalf of the open fund Morrison & Co Infrastructure Partnership, will hold its stake alongside AXA IM Alts and Swiss Life Asset Managers.

Last May, AXA IM Alts and Swiss Life Asset Managers joined forces to acquire Lyntia from Antin Infrastructure Partners.

Lyntia Networks is a leading wholesale operator in the Spanish telecommunications market with a national fiber optic network of over 43,000 km.

José Antonio López, CEO of Lyntia Networks, said, “Morrison & Co’s investment is a strong endorsement of our business and our potential for growth in one of the most exciting and rapidly growing fiber markets.

Vincent Gerritsen, partner and head of UK and Europe at Morrison & Co, said Lyntia has a strong market position and huge growth potential.

“We are delighted to work with its management and co-shareholders, bringing our extensive industry experience to help the company realize its full potential by expanding its network and service offering, while providing our clients with strong long-term returns.”

Will Smales, Partner and CIO at Morrison & Co, said: “Our team has deep experience investing and operating in digital infrastructure and this acquisition aligns with one of our key pillars of business. investment – investing in vital infrastructure to support the digitalisation of services across Europe. , as demand for data centers, mobile phone masts and fiber assets continues to grow. »

Morrison & Co’s digital infrastructure portfolio includes investments in Vodafone New Zealand, Fore Freedom in the Netherlands, Kao Data in the UK, CDC data centers and Amplitel towers in Australia.

The manager’s most recent deals include FiberLight in the US and Uniti in Australia.

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