EXA Infrastructure expands into South-Eastern Europe
The expanded network infrastructure will provide critical connectivity for future growth, particularly in the realm of subsea cables, and reinforce EXA’s position as a key player in the telecommunications industry.
EXA Infrastructure has agreed to acquire Global Communications Net AD (GCN), a leading Bulgarian telecommunications firm with an extensive fibre optic network spanning over 2,500 kilometres. This acquisition will significantly bolster EXA’s footprint in South-Eastern Europe and enhance its regional strategic assets.
Facilitated by DB Capital Ltd, KND Partnership Ltd, and Sofia Connect EAD, the deal is anticipated to be finalised in the fourth quarter of 2024, subject to standard conditions. Integrating GCN’s offerings—including dark fibre, wavelength, and colocation services—will expand EXA’s network to 155,000 kilometres across 37 countries, providing crucial access to key interconnection points in Türkiye, Greece, Romania, North Macedonia, Serbia, and Georgia.
In addition to these benefits, EXA Infrastructure will gain from GCN’s extensive network infrastructure, which includes over 2,500 kilometres of owned duct and cable connecting Sofia with Bulgaria’s borders and Black Sea coast cities. This network is essential for current and future subsea cables, establishing a vital east-west corridor. Moreover, EXA will acquire 100 kilometres of the metro network within Sofia, enhancing connectivity between major data centres and business hubs.
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