Fiber firm Exa Infrastructure has announced it will acquire Conexio doo Beograd's long-haul duct assets in Serbia.

The deal, which was announced in late October, will expand Exa's footprint in the Balkans.

Conexio provides dark fiber and colocation services across Serbia.

As part of the agreement, Exa will acquire Conexio’s long-haul network assets, which are made up of two high-density polyethylene (HDPE) ducts spanning 860km, existing cables, and 15 points of presence (PoP) locations.

Financial terms of the transaction were not disclosed. According to Exa, the deal also includes the transfer of existing customer contracts, ensuring a seamless continuation of services.

"The purchase of the Conexio assets is core to our strategy to create the most reliable, modern infrastructure network in Europe," said Steve Roberts, senior vice president of strategic investments at Exa Infrastructure.

"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.”

The acquisition comes just weeks after I Square Capital-owned Exa refinanced its existing facilities and raised more than €1.3 billion ($1.52bn) in new financing.

Exa currently owns 155,000 kilometers of fiber network across 37 countries, including six transatlantic cables.

Earlier this year, Exa confirmed an agreement to acquire Aqua Comms from D9 for $48 million.

In July, the company launched a new European fiber route, including a subsea cable connecting the UK to mainland Europe, connecting London to Frankfurt, Amsterdam, and Brussels.