Some European fiber is changing hands again, and the buyer is one of this year’s most active players in the space. Antin Infrastructure Partners has agreed to purchase Ufinet Spain from Cinven.
Ufinet was carved out of the Spanish utility Fenosa four years ago alongside fiber assets in Central America. In Spain the company owns some 17,650 route miles of fiber nationally, with significant metro coverage in most major markets.
Antin has owned Eurofiber since 2015, but lately has gone on a fiber-heavy buying spree. In February they announced plans to acquire FirstLight from Oak Hill in the northeastern USA, and just a few weeks ago they teamed up with Goldman Sachs to buy the UK operator CityFibre. One has to wonder what else they might have in mind from here.
Cinven will continue to own Ufinet’s Latin American fiber footprint, although if they’re monetizing the Spanish assets I do wonder if the rest is up for sale as well.
The purchase of Ufinet is expected to close in July. No price was given.
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Categories: Mergers and Acquisitions · Metro fiber
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