EXA Infrastructure continues to invest in its infrastructure on the southeastern flank of Europe. The infrastructure operator is teaming up in a JV with Trans Adriatic Pipeline AG (TAP) to develop a new connectivity option across the region.
TAP operates an 878km natural gas pipeline that connects southern Italy with Istanbul via Greece, Albania, and the Adriatic Sea, helping to carry natural gas from Azerbaijan to Europe. The JV will leverage fiber already installed inside that pipeline, creating a low latency, 36-fiber-pair connection with branches to Athens, Sofia, and Tirana. If all goes well, they hope to have the new route in service by Q1 of 2023.
EXA Infrastructure was formed from the former Hibernia and Interoute assets when I Squared Capital bought them from GTT in a deal that closed last year. Since then, the company has moved forward with new investments on multiple fronts, spending €190M in capex since its creation in September with another €150 before its first year is up.
If you haven't already, please take our Reader Survey! Just 3 questions to help us better understand who is reading Telecom Ramblings so we can serve you better!Categories: Energy · Fiber Networks · Undersea cables