Key takeaways
- EXA Infrastructure has signed an agreement to purchase all long-haul duct assets of Conexio doo Beograd, a Serbian dark fibre and colocation provider, announced in London on 23 October 2025
- The deal follows EXA's recent €1.3Bn refinancing and strengthens its footprint in the Balkans
- The assets comprise two HDPE ducts spanning 860km, existing cables, 15 points of presence and existing customer contracts
- The network, constructed in 2011, connects Belgrade, Niš and Novi Sad and reaches the borders of Croatia, Hungary, Bulgaria and North Macedonia
- Completion is subject to customary closing conditions and regulatory approvals
EXA to buy Conexio's long-haul ducts
London, UK, 23, October 2025 - Following on from its recent €1.3Bn refinancing, EXA Infrastructure has signed an agreement to purchase all long-haul duct assets belonging to Conexio doo Beograd ("Conexio"), a provider of dark fibre and colocation services across Serbia. The transaction further strengthens EXA Infrastructure’s strategic footprint in the Balkans, reinforcing its position as the region’s most reliable provider of modern digital infrastructure.
Comment from Steve Roberts
Steve Roberts, Senior Vice President of Strategic Investments at EXA Infrastructure, commented on the deal: “The purchase of the Conexio assets is core to our strategy to create the most reliable, modern infrastructure network in Europe. Conexio’s assets integrate seamlessly with our previous acquisitions of Unitel in Croatia and GCN in Bulgaria, meaning EXA Infrastructure now operates the leading homogeneous network connecting Western Europe to the Balkans, Bulgaria, Greece, Turkey, and beyond.”
What the agreement includes
Under the agreement, EXA Infrastructure will purchase Conexio’s longhaul network assets, comprising two high-density polyethylene (HDPE) ducts spanning 860km, existing cables, and 15 points of presence (PoP) locations. The transaction also includes the transfer of existing customer contracts, ensuring a seamless continuation of services.
Constructed in 2011, the Conexio network follows the main Serbian motorways, offering the shortest border-to-border routes with low latency and high reliability. The network connects the key Serbian cities of Belgrade, Niš, and Novi Sad, linking to the international borders of Croatia, Hungary, Bulgaria, and North Macedonia, where it interconnects with all major carriers.
The transaction is expected to complete subject to customary closing conditions, including certain conditions precedent as well as regulatory approvals.
About EXA Infrastructure
EXA Infrastructure is an award-winning portfolio company of I Squared Capital and the largest dedicated digital infrastructure platform throughout Europe, connecting North America and Asia via the Middle East. With over 20 years of experience in building resilient networks, EXA Infrastructure provides the critical modern infrastructure and unrivalled engineering expertise that serves as the backbone for digital and economic growth. This includes mission-critical networks for governments and enterprises, hyperscale infrastructure for the world’s most innovative and influential businesses, and ultra-low latency, high bandwidth networks for financial, gaming and broadcast services.
Headquartered in London, the company owns 155,000 kilometres of fibre network across 37 countries, including six transatlantic cables and the lowest latency link between Europe and North America. For more information, see exainfra.net
