A1 Group’s local subsidiary has agreed to buy part of the infrastructure of the Serbian provider Conexio for an undisclosed fee.
Commenting on the transaction, A1 Group CEO Thomas Arnoldner said: “With this asset deal, we are able to successfully pursue our growth strategy. A1 Serbia positions itself as a serious player in the region, providing strong support for local traffic needed for mobile backhauling and for the provision of other local services. The continuous connectivity is also a great asset for enterprise customers that need overall solutions and long-distance connectivity”.
A total of around 850km of gage piping to be acquired will close the gap between the A1 markets Croatia and Bulgaria, while also providing routes to Hungary and North Macedonia. After the completion of the transaction, A1 Group will be able to lay fibre in the pipes and close the existing network infrastructure gap.
Alejandro Plater, COO A1 Group, added: “With this deal we take our international connectivity to a new level. A1 Group will be able to offer state-of-the-art technology and with a total of 850 km of connecting pipes across Serbia will be able to offer fibre along this track to our national and international customers.
“We will be able to offer services running on our own managed infrastructure from the Bosporus to Austria”.
The completion of the transaction is, inter alia, subject to the applicable merger control clearance.