Telefonica Acquires LineoX to Strengthen Rural Connectivity in Spain

Deal Summary

Telefonica announced it will acquire LineoX, a Spanish rural microwave backhaul infrastructure operator, from investment firm Asterion Industrial Partners. The deal brings one of Spain’s largest rural microwave link networks under Telefonica’s control, enhancing its ability to deliver high‑quality mobile and broadband services in underserved areas. The acquisition underscores Telefonica’s strategy to own critical network assets as 5G rollout accelerates.