Exa Infrastructure to acquire Bulgarian telco GCN

Exa Infrastructure has announced its plans to acquire Bulgarian telco Global Communication Net AD (GCN). Exa Infrastructure did not disclose terms of the deal, but the company did state it expects the deal to conclude the during the fourth quarter of this year.

"The GCN network consists of over 2,500km of owned duct and cable connecting Sofia with all the borders neighboring Bulgaria as well as the Black Sea coast cities of Balchik, Varna, and Burgas. Each of these locations is strategically important for existing and planned subsea cables, creating a natural east-west corridor," said Steve Roberts, SVP of network investments and products at Exa Infrastructure.

"This acquisition further extends our network presence in South-Eastern Europe, and continues to differentiate our capabilities in serving customers for their critical infrastructure needs across the breadth of Europe," added Jim Fagan, CEO, Exa Infrastructure. "We have near-term plans to expand our network both organically and through acquisition to bring more value, options, and services to our customers in an ever-changing digital world."