Telefonica reached a deal to buy back rural backhaul provider LineoX after selling the business to investment group Asterion Industrial Partners more than six years ago.

Telefonica stated LineoX operates one of Spain’s leading rural microwave link networks, providing critical backhauling infrastructure for mobile connectivity, particularly in rural and less densely populated areas.

Asterion acquired the “underlying portfolio” of microwave radio links from Telefonica in 2020 through a carve out transaction and has operated the business as an independent infrastructure platform.

It has also been integrated within a broader wholesale telecoms group alongside Axion, spanning radio links, towers, broadcasting and fibre transport.

Telefonica, which did not reveal the value of the transaction, stated it has remained a partner and anchor client of LineoX since the sale, reflecting a commitment to network performance, service continuity and reliability.

Borja Ochoa, CEO of Telefonica Spain added the deal to acquire the unit is fully aligned with its strategy.

“Our focus is to rigorously strengthen control over the capabilities that are critical to our network, our resilience and our long-term leadership, so that we can provide more and better services to our customer.”

He added LineoX is a highly relevant platform for rural connectivity in Spain, and its integration will reinforce its ability to continue investing in the evolution of its infrastructure.

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