Antin Infrastructure Sells Lyntia Networks to AXA and Swiss Life
Posted on 05/17/2022
AXA IM Alts, acting on behalf of clients, and Swiss Life Asset Managers, partnered to acquire Spanish fibre business lyntia Networks from Antin Infrastructure Partners (Paris:ANTIN).
lyntia Networks is a wholesale operator in the Spanish telecommunications market and the only neutral provider operating both lit and dark fibre. It owns and operates a nationwide fibre network of over 43,000 km built primarily alongside electric power and gas distribution infrastructure and is one of the largest providers of neutral connectivity to large customers in Spain, with revenues underpinned by long term contracts to blue chip companies.
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.
Advisors
Antin was advised by Deutsche Bank, UBS Group AG, and Banco Santander, with Herbert Smith Freehills as legal adviser. AXA IM Alts and Swiss Life Asset Management were advised by Rothschild and DC advisory, with Uria Menéndez and Gibson Dunn as legal advisors.
Keywords: AXA SA, Swiss Life Group.