Ardian, an asset management firm, agreed to acquire a majority stake in Aire Networks, a provider of telecommunication services, from Magnum Capital, a private equity firm, for €600m ($632m). "Aire Networks is a company with a unique business model that makes it a key player in the digitalization of companies and the development of communications. We are very pleased to have the opportunity to support Raul, Miguel, Emilio and the entire Aire team in this new phase of growth,” Philippe Poletti, Ardian Member of the Executive Committee and Head of the Buyout Team.