AXA IM Alts and Swiss Life Asset Managers have entered a joint venture to acquire Lyntia Networks, a leading fibre business in Spain from Antin Infrastructure Partners.

Information on the Target

Lyntia Networks is a prominent wholesale operator in the Spanish telecommunications sector and the sole neutral provider that offers both lit and dark fibre, solidifying its position as the market leader. The company boasts a comprehensive nationwide fibre network exceeding 43,000 km, primarily established alongside electric power and gas distribution infrastructure. This extensive network positions Lyntia as one of the largest suppliers of neutral connectivity in Spain, catering particularly to large clients through long-term contracts with reputable companies.

Lyntia Networks delivers long-haul accessibility, connecting around 2,700 metropolitan zones and underserved small to medium-sized towns, in addition to coastal regions, which minimizes competition in its operational landscape. Post-transaction, José Antonio López will continue to serve as CEO of Lyntia Networks, while Eduardo Taulet will retain his role as CEO of Lyntia Access, a business segment under Antin Infrastructure Partners focused on providing wholesale Fibre to the Home (FTTH) services.

Industry Overview in Spain

The telecommunications industry in Spain is experiencing dynamic growth, driven by an increasing demand for high-speed internet connectivity and digital services. The rise in remote work, digital ente