AXA IM Alts, acting on behalf of clients, and Swiss Life Asset Managers, have agreed a new joint venture to acquire Spanish fibre business lyntia Networks from Antin Infrastructure Partners.
lyntia Networks is a wholesale operator in the Spanish telecommunications market and the only neutral provider operating both lit and dark fibre, where it is the market leader.
Antin Infrastructure Partners will continue to own and operate the lyntia Access business which provides wholesale Fibre to the Home (FTTH) connectivity to residential properties.
Following this transaction, José Antonio López, will continue as CEO of lyntia Networks, while Eduardo Taulet will remain with Antin as CEO of lyntia Access.
The transaction is subject to customary regulatory approvals and is expected to close by the end of the year.
