Morrison & Co acquires 33.3% stake in Lyntia Networks
Date
July 27, 2022
Type
M&A Transactions
Subtype
Transaction agreement announced
Countries
Spain
Subsectors
Telecom
I.C.T.
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Morrison & Co has announced an agreement to acquire 33.3% stake in Spanish fiber operator Lyntia Networks.
Lyntia Networks operates metro and long-haul fiber networks in Spain spanning more than 43,000 km. It provides B2B connectivity services on a wholesale basis to telcos and carriers, cloud providers and data centers.
The transaction is expected to close by end of this year and subject to standard approval processes.
