British asset manager Morrison & Co has acquired a 33.3% stake in open access wholesale fibre operator Lyntia Networks. The Spanish company operates a fibre network that covers over 43,000 kilometres and it offers wholesale B2B connectivity services to telecommunications companies, operators, cloud providers and data centres, as well as a range of other customers.

Lyntia's extensive coverage includes fibre optic and dark fibre networks, these being facilities created in anticipation of future need, which are as yet unconnected. In fact Lyntia is the only national neutral provider operating in both the lit and dark fibre markets and it has the second largest dark fibre market share in Spain.

Enhancing growth
The high demand for fast commercial broadband and 5G has boosted Lyntia's market position, supported by the strength of its network and its extensive nationwide coverage. Morrison & Co's objective is to enhance its growth and capitalise on that position, taking advantage of a time when Spain is emerging as an international connectivity hub.

Morrison & Co's UK and European Director, Vincent Gerritsen, said, "Lyntia has a strong market position and enormous growth potential. We are excited to work with its management and shareholders, bringing our extensive industry experience to help the company realise its full potential by expanding its network and service offering, while providing our clients with strong long-term returns.”

Investment pillars
Morrison & Co‘s Chief Investment Officer, Will Smales, added, "Our team has deep investment and operating experience in digital infrastructure and this acquisition aligns with one of our core investment pillars - to invest in infrastructure that is vital to support the digitisation of services across Europe, as demand for data centres, mobile phone masts and fibre assets continues to grow."

Lyntia Networks CEO, José Antonio López, explained, "Morrison & Co's investment is a strong endorsement of our business and our growth potential in one of the most exciting and fastest growing fibre markets. We’ve worked hard to build and consolidate our business in recent years. With new investment and Morrison & Co's expertise in digital infrastructure, this will help position us to accelerate growth and reinforce our leading position in the market.”

^{Photo: Lyntia Networks}