MILAN – Asterion Industrial Companions mentioned on Monday it had purchased Italian digital infrastructure agency Irideos and would mix it with fibre providers firm Retelit to create Italy’s largest different wholesale entry and business-to-business connectivity supplier.
Spanish funding agency Asterion, which specialises in mid-market European infrastructure, had acquired Retelit and delisted it from the Milan inventory alternate in November 2021.
It has now additionally acquired 78.4% of Irideos from Italian infrastructure fund F2i, it mentioned in a press release.
“Asterion goals to consolidate Retelit’s and Irideos’s place within the Italian telecom sector by merging the 2 extremely complementary companies,” it mentioned in a press release.
Irideos operates a community of 27,000 km fibre optic routes alongside motorways, the Adriatic coast and in metropolitan areas, in addition to via 15 knowledge centres.
Retelit runs round 15,000 km of fibre, together with in Italy’s 14 largest cities, in addition to 19 knowledge centres, serving clients that vary from giant telecommunications corporations to small & mid-sized companies.
“By this transaction, Asterion strengthens … its European digital infrastructure portfolio, which at present contains 1.4 million premises handed with Fibre-ToThe-Dwelling, 49,000 km of long-distance fibre networks, 8,000 rural backhaul radiolinks and 42,000 sq. meters of knowledge centre area in Spain, Italy, the UK, and Eire,” it mentioned.
JPMorgan suggested Asterion on the transaction.
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