Published on 26 June 2023
CMS Belgrade real estate lawyers Ivan Gazdić and Marija Marošan, as well as competition law expert Srđan Janković, have assisted A1 Serbia, the local subsidiary of A1 Telekom Austria Group, in agreeing to acquire a part of the infrastructure of Serbian provider Conexio.
A1 Group CEO Thomas Arnoldner: “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 approx. 850 kilometers of piping to be acquired will close the gap between the A1 markets in 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 fiber in the pipes and close the existing network infrastructure gap.
“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 fiber along this track to our national and international customers”, says Alejandro Plater, COO A1 Group. “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. As agreed between the parties, details regarding the transaction will not be released.
CMS has been providing legal support to A1 Telekom Austria Group for a number of years, addressing their legal requirements across the countries of their operation. We congratulate our long-standing client on this transaction and look forward to future accomplishments.
