Name

lineox

Legal name

MARQUES BIDCO, S.L.

Website

https://lineox.es

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Telecommunications Infrastructure

NAICS

Wired and Wireless Telecommunications Carriers (except Satellite) (51711)

SIC

Telephone Communications (No Radiotelephone) (4813)

akta.pro primary industry

Microwave & Licensed Point-to-Point Backhaul for Grid Operations (EUADAIAE)

akta.pro secondary industry

Carrier Ethernet & Wavelength Wholesale (E-Line/E-LAN, OTN, lambda) (HDAIAEAB)

Keywords

• Wholesale connectivity services
• Microwave radio backhaul
• Telecom infrastructure network
• Rural broadband backhaul
• Point-to-point Ethernet links

Headquarters

HQ city

Madrid

HQ country

Spain

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Technology or R&D, Personnel, Operations, Supply Chain

Revenue model

1. Wholesale Connectivity Services: LineoX operates as a wholesale connectivity provider, offering microwave radio link infrastructure services to major mobile operators for base station backhaul, rural FTTH operators, and large enterprises requiring point-to-point Ethernet connectivity. The revenue model is B2B wholesale recurring services based on infrastructure capacity provision.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

LineoX operates a wholesale network of more than 10,800 microwave radio links across Spain, providing point-to-point IP data connectivity at symmetric speeds of up to 2 Gbps. It sells this infrastructure as managed backhaul and dedicated connectivity services to mobile network operators, rural FTTH operators, and large enterprises, primarily in areas where fiber or cable deployment is not feasible.

Product overview

LineoX is a wholesale telecommunications infrastructure company operating a network of 10,800 microwave radio links across Spain. The company was created by Asterion Industrial Partners after acquiring the radioenlaces network from Telefónica. LineoX's core product is its national microwave radio link network, which provides point-to-point IP data connectivity at speeds up to 2 Gbps symmetric. The company offers its network infrastructure through three interconnected service lines: Wholesale Connectivity Services (serving major mobile operators), Rural Backhaul (supporting FTTH operators in remote areas), and Point-to-Point Ethernet Connectivity (for large enterprises). The company operates in partnership with Axión, a sister company under the same investment portfolio, sharing resources and expertise.

Differentiator

Problem solved

Functional benefit

Products and services

• Microwave Radio Link Network (Radioenlaces) Core national infrastructure of more than 10,800 point-to-point microwave radio links spanning all of Spain, delivering symmetric IP data connectivity at up to 2 Gbps. Designed for areas where fiber optic or cable deployment is not feasible, serving as the foundation for all LineoX service offerings.
• Wholesale Connectivity Services for Mobile Operators Wholesale backhaul connectivity services sold to major mobile network operators in Spain, connecting their base stations to core networks via the microwave radio link network, particularly in rural and underserved areas without fiber coverage. Supports 4G and 5G service delivery.
• Rural FTTH Backhaul Backhaul services for fiber-to-the-home (FTTH) operators expanding broadband networks into rural and remote municipalities of Spain, using the microwave radio network to transport traffic where fiber transport is not yet available.
• Point-to-Point Enterprise Ethernet Connectivity Dedicated point-to-point Ethernet connectivity services for large enterprises in Spain, providing high-capacity data circuits at symmetric speeds of up to 2 Gbps with low latency and minimal service interruption for business-critical site-to-site communications.

Quantifiable outcome

• Network covers all 17 autonomous communities and 52 provinces in Spain with connectivity even in remote locations

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Two partnerships are on record, tiered core and minor.

• AxióncoreStrategic or Co-development PartnerLineoX operates in partnership with Axión, both companies are part of Asterion Industrial Partners' portfolio. They share resources, expertise, and operate under the same set of values to develop leading digital infrastructure projects efficiently. The partnership enables shared talent, synergies in operations, and combined capabilities in telecommunications infrastructure.
• TelefónicaminorOthersTelefónica was the original owner of the radio link network that became LineoX. Asterion acquired these assets from Telefónica through a carve-out in 2020. Telefónica has now agreed to reacquire LineoX for €90 million, marking a strategic return of microwave radio link assets to Telefónica.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Others

• Axión (Asterion portfolio): Spanish telecom-infrastructure operator and LineoX's sister company within the Asterion Industrial Partners portfolio. Included as a portfolio-sibling adjacency sharing resources, leadership, and operational infrastructure with LineoX rather than as a direct competitor.

Regional players

• Avatel: Spanish fiber and telecommunications operator with strong presence in rural and secondary markets, including FTTH and wholesale services. Comparable as a rural-focused Spanish telecom operator overlapping with LineoX's FTTH-backhaul and rural connectivity customer segments.
• Retevisión (Cellnex subsidiary): Spanish broadcasting and tower operator, now part of Cellnex. Comparable as a Spanish telecom-infrastructure owner with broadcasting/transmission assets historically connected to Telefónica's network carve-outs.

Direct peers

• Aire Networks: Spanish wholesale and B2B telecommunications operator providing fiber, wireless, and connectivity services to operators and enterprises across Spain. Comparable as a competing Spanish wholesale connectivity provider with overlapping backhaul and enterprise customer segments.
• Eurona Wireless Telecom: Spanish telecommunications operator specializing in satellite and wireless connectivity for rural and remote areas. Comparable as a Spanish provider focused on rural/underserved connectivity using non-fiber technologies.

Broad incumbents

• American Tower Corporation: Global independent owner/operator of wireless and broadcast communications infrastructure. Comparable as a large-scale independent telecom-infrastructure business monetizing shared passive infrastructure to multiple mobile operators.
• IHS Towers: Independent owner/operator of telecommunications infrastructure across Africa, Latin America, and the Middle East. Comparable as a wholesale infrastructure specialist providing shared tower and connectivity services to mobile operators in emerging and rural markets.
• Cellnex Telecom: Europe's largest independent operator of wireless telecommunications and broadcasting infrastructures. Comparable as a Spanish-headquartered telecom-infrastructure specialist with nationwide tower and connectivity assets serving mobile operators.
• Vantage Towers: European tower operator carved out from Vodafone, owning passive network infrastructure across multiple European markets. Comparable as a carve-out infrastructure vehicle serving major mobile operators with shared connectivity assets.
• Telxius: Telefónica's infrastructure subsidiary operating international fiber backbones, submarine cables, and tower assets. Comparable as the infrastructure arm of LineoX's historical owner (Telefónica) and a direct adjacency in wholesale backhaul services.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about lineox