Vitale & Co. advised Lyntia Networks SA, on acquisition of the right of use of the optic fiber assets held by Endesa
Endesa, leading company in the Spanish electricity sector, has reached an agreement to transfer the rights to use its excess dark fibre network in Spain to wholesale fibre platform Lyntia for a consideration of approximately € 130m.
Vitale & Co. has advised Lyntia Networks SA, controlled by the fund Antin Infrastructure Partners, for the purchase of the right of use of the optic fiber assets held by the Spanish energy company Endesa
Endesa, leading company in the Spanish electricity sector, has reached an agreement to transfer the rights to use its excess dark fibre network in Spain to wholesale fibre platform Lyntia for a consideration of approximately € 130m.
The agreement will allow Lyntia to inherit the portfolio of contracts with fiber optic clients and to further expand its fiber lines by taking advantage of Endesa electric infrastructure.
With this operation, Lyntia comes to hold 41,000 Km of optical fiber, strengthening its presence in the Iberian peninsula as a wholesaler of fiber services.