There was a bit of interesting consolidation in southeastern Europe this morning. EXA Infrastructure is continuing its infrastructure investment with a bit of the inorganic variety. They are acquiring Univerzalne Telekomunikacije, a.k.a. Unitel.
Unitel operates out of Croatia in the Balkans, with some 515km of duct and cable. Their network runs between Zagreb and Ilok, touching two border crossings into Serbia and one into Bosnia and Herzegovina. The duct itself runs along the Adria oil pipeline. They also have 80km running between data centers in Zagreb itself.
That infrastructure will provide EXA with both depth and new intercity diversity. It will complement the company’s access to Balkan markets by adding a north-south option alongside their east-west through the Trans Adriatic Express route.
Financial terms were not discussed. EXA is backed by I Squared Capital, and was formed from the former Hibernia and Interoute infrastructure businesses they bought from GTT a couple years ago now.
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