Technology

France’s Antin setting up to market Spanish telecom Lyntia: Report

Frances Antin planning to sell Spanish telecom Lyntia Report

French infrastructure company Antin designs to put Spanish optic fibre community Lyntia up for sale in mid-January, newspaper Expansion reported on Monday, citing unidentified marketplace resources.

Lyntia could be value up to 4 billion euros ($4.53 billion), the newspaper reported.

Spanish cellphone mast operator Cellnex and its U.S. rival American Tower are likely buyers.

Antin and American Tower did not return messages looking for feedback. A Cellnex spokesperson declined to remark.

Telecom infrastructure has turn out to be beautiful belongings in Europe as the rollout of 5G mobile telephone generation necessitates huge investments and promises sound returns.

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