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French investment firm to buy Ufinet's Spanish business

French investment firm Antin Infrastructure Partners struck a deal to buy Ufinet Telecom Holding S.L.U.'s Spanish business from private equity firm Cinven, Telecompaper.com reported May 14.

Ufinet Spain is a wholesale fiber platform with a nationwide long-haul network.

The transaction, financial details of which were not disclosed, is expected to result in the separation of the Ufinet Group into two separate companies, with Ufinet Spain purchased by Antin and the international operations of Ufinet bought by the Sixth Cinven Fund.