Asterion Industrial Partners, an independent investment management firm focused on European infrastructure in the mid-market, has announced the acquisition of 100% of Telefónica’s microwave radiolink portfolio in Spain through a carve-out process.
The assets consist of a unique portfolio of antennae and radio electronic equipment for 10,800 microwave links (~13,000 circuits), connecting Telefónica’s mobile towers and other enterprise clients’ sites to their terrestrial fibre networks, mainly in low-density areas.
Telefónica’s radiolink network is one of the largest in Spain and has best-in-class interconnection with Spain’s deepest fibre network. The portfolio provides a differentiated opportunity to access and continue to build out a rural-focused wholesale digital transport platform in Spain. Furthermore, the recently acquired high-quality portfolio is essential for the connectivity of isolated areas in particular, providing backhaul transport for mobile cellular networks and the capacity to meet the growing high-speed broadband demand in areas which are not economical to connect with fibre.
