Osborne Clarke advises Morrison & Co on joint venture investment into Spanish telecoms specialist lyntia Networks

International law firm Osborne Clarke recently acted for global infrastructure investment firm, Morrison & Co, in relation to its joint venture with Swiss Life Asset Managers ("Swiss Life") and AXA Investment Management ("AXA") to acquire lyntia Networks ("lyntia").

Morrison & Co, Swiss Life and AXA agreed to acquire lyntia in 2022 and Osborne Clarke acted for Morrison & Co in relation to its 33.3% investment stake in the Spanish open access wholesale fibre operator, with Sarah Knight and Hannah Maidment advising.  

The new shareholders will continue to support the delivery of  lyntia's service in providing nation-wide neutral connectivity across Spain. Lyntia is a leading provider of  dark fibre and capacity circuit wholesale services to operators and utility companies in the Spanish telecom sector, meeting the increasing demand for connectivity services driven by fast growing 5G sites, data centres and landing stations across the country. The investment adds to Morrison & Co's existing digital infrastructure  portfolio  which includes investments in Vodafone New Zealand, Fore Freedom in the Netherlands, Kao Data in the UK, CDC Data Centres and Amplitel towers in Australia.  

This deal further solidifies Osborne Clarke’s Corporate team's position as a go-to practice for companies undergoing digital transformation. The team advises at every stage of company development across all corporate issues, from equity and debt fundraisings to M&A, IPOs and JVs.