Morrison & Co. has acquired a 33.3 percent stake in Lyntia Networks, a Spanish open-access wholesale-fiber operator. Financial terms were not disclosed.
Lyntia operates an extensive metro and long-haul fiber network in Spain, spanning more than 43,000 kilometers (26,718 miles), providing B2B connectivity services on a wholesale basis to telcos and carriers, cloud providers, and data centers, among other businesses. Lyntia offers robust coverage across Spain, with the second-largest market share in the dark fiber market. It is the only national carrier-neutral operator operating in both lit and dark fiber markets. The deal is expected to close later this year.
The investment will be made on behalf of The Morrison & Co. Infrastructure Partnership (MCO IP), an open-ended global infrastructure fund that was launched in 2021 to provide investors with access to major global themes driving multi-decade growth opportunities, including digitization and decarbonization.
