London, UK: A consortium of Morrison & Co, Swiss Life Asset Managers and AXA Investment Management acting on behalf of clients, has completed the acquisition of lyntia Networks.
The new shareholders will continue to support Lyntia's essential role in providing nation-wide neutral connectivity across Spain by meeting the increasing demand for connectivity services driven by fast growing 5G sites, data centres and landing stations across the Iberic peninsula.
The company has also announced the appointment of Francisco Román as the new president of lyntia Networks and Niels-Christian Krüger will join lyntia’s new board as independent directors. José Antonio López remains as Chief Executive Officer.
Incoming president, Francisco Román said, “I am very excited about this new stage and I want to thank the Consortium of AXA IM Alts, Swiss Life Asset Managers, and Morrison & Co for trusting me to perform the role of president. My main goal is to collaborate with the management team to continue creating value for customers, shareholders, and society in the years ahead.”
Vincent Gerritsen, Head of UK and Europe at Morrison & Co said, "We are looking forward to working with lyntia's management and our co-shareholders to help deliver the next growth phase across Spain and Europe, leveraging our significant digital infrastructure expertise to deliver more secure and more reliable internet access for Spanish consumers and businesses."
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About Lyntia networks
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 robust coverage across Spain, with the second largest market share in the dark fibre market. It is the only national carrier-neutral operator operating in the lit fibre market.