Teras Capital and Asterion Industrial Partners close a strategic agreement with the purchase of Olivenet
Creation of a rural fiber platform to improve digital connectivity through high-quality Internet access in rural areas of southern Spain.
The first investment of the platform is the acquisition of the telecommunications operator Olivenet, which has a presence on the Costa del Sol.
Madrid, June 27, 2022
Teras Capital and Asterion Industrial Partners have completed the acquisition process of the telecommunications operator Olivenet with the commitment to develop the rural fiber platform and create better access and digital connectivity for municipalities and households in rural areas of Spain.
Olivenet is one of the leading companies in its area of activity with a widespread presence on the Costa del Sol, the Costa Cálida and the Costa de la Luz, which has a fiber network that reaches approximately 35 municipalities and more than 900,000 wired homes.
With this first acquisition, Teras and Asterion break into the Spanish rural fiber market, having a relevant network that will allow the development of their consolidation strategy for the sector. Asterion will seek to apply its industry focus and active management, leveraging its fiber and platform building expertise along with Teras’ unique knowledge of the segment.
About Teras Capital
Teras Capital, based in Madrid, is an investment firm specializing in the identification, management
and development of differentiated operations in the telecommunications infrastructures segment
About Asterion Industrial Partners
Asterion Industrial Partners is an independent investment management firm focused on infrastructure investments in the European mid-market. Headquartered in Madrid with a presence in London and Paris, Asterion combines transactional and operational expertise with industry focus and asset management within an agile, independent platform.