19 Jan AXA IM Alts, Swiss Life Asset Managers, and Morrison & Co purchase lyntia Networks
– Francisco Román will be the new president of lyntia and José Antonio López will remain CEO. Alberto Horcajo and Niels-Christian Krüger will join lyntia’s new board as independent directors.
20 January 2023.- The consortium of AXA IM Alts acting on behalf of clients, Swiss Life Asset Managers, and Morrison & Co have effectively closed the deal to acquire lyntia Networks.
As such, lyntia establishes itself, with its strong network of infrastructure investors, as ready to face the new digital era and contribute to the current environmental transition. In the coming years, as a neutral operator, it will play a crucial role in contributing to the greater capillarity of fibre networks with the aim of providing connectivity to all populations (from metropolitan hubs to rural areas), 5G sites, data centres, and landing stations across Spain.
Following the transaction’s close, the company announced new appointments, including Francisco Román, as the new president of lyntia Networks and José Antonio López, who will remain in his position as CEO. Alberto Horcajo and Niels-Christian Krüger will join lyntia’s new board as independent directors.
lyntia is the only neutral operator with nationwide coverage operating in the lit and dark fibre markets. It runs an extensive fibre network in Spain, spanning nearly 45,000 km and providing state-of-the-art wholesale connectivity services to telecom companies, cloud providers, data centres, and others.
In the words of lyntia president, Francisco Román: “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”.
Lyntia CEO, José Antonio López, said: “I want to thank everyone who has helped make lyntia Networks a reality, especially Eduardo Taulet, the outgoing president, and the entire lyntia Access team as they embark on this latest journey. We begin a new and exciting phase in a sector that is in continual flux, but with the support of the new board of directors and shareholders, lyntia will remain the standard-bearer in the connectivity market, creating value for customers”.
Francisco Román is a telecommunications engineer with more than 40 years of experience in the industry. Throughout his career, he has worked at major companies like HP, Microsoft, and Vodafone, where he served as chairman and CEO in Spain. He is currently president of the company, March R.S.
With a degree in law and more than 30 years of professional experience, Alberto Horcajo has developed his career in the telecom sector at companies like Telefónica, Vivo, and Telxius, where he served as chairman. He is currently a director at EllaLink, TDN, and is the co-founder of the shared network developer, Promotora de Redes Compartidas.
With more than 25 years of professional experience, Niels-Christian Krüger began his career at global tech giants, like Cisco and Juniper Networks, before joining Google in various senior executive roles across Europe and Australia. In 2016, he founded DEV – Digital Executive Ventures, which merged with goetzpartners in 2017. Krüger continued his career in consulting as senior/managing partner at EY and IBM.
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About lyntia Networks
With a network that spans more than 45,000 km, lyntia Networks, the benchmark neutral service provider in Spain’s wholesale telecom market, offers fibre optic connectivity services with extensive network coverage and excellent capillarity. In addition, lyntia provides other types of connectivity services, including dark fibre, capacity, wholesale FTTH service, VSAT, internet and co-location.
lyntia’s fibre optic network connects the country’s major metropolitan centres and serves more than 3,200 towns. It also connects to the Peninsula’s main underwater cable mooring points.