HRL Morrison & Co (Morrison & Co), a specialist infrastructure asset management firm, has acquired a 33.3% stake in Spanish open access wholesale fibre operator, Lyntia Networks (Lyntia).
Lyntia operates an extensive metro and long-haul fibre network in Spain spanning more than 43,000 km, providing B2B connectivity services on a wholesale basis to telcos and carriers, cloud providers and data centres, amongst other businesses. Lyntia offers coverage across Spain, with the second largest market share in the dark fibre market. It is the only national carrier-neutral operator operating in both lit and dark fibre markets.
Morrison & Co’s investment in Lyntia will be made on behalf of The Morrison & Co Infrastructure Partnership (MCO IP), an open-ended global infrastructure fund, launched last year, providing investors with access to major global themes driving multi-decade growth opportunities, including digitisation and decarbonisation.
The transaction is subject to standard approval processes and is expected to close later this year.