Today’s announcement confirms what Capacity CEO Martijn Blanken said in a video interview recorded at International Telecoms Week in May and released in August.
Blanken said today: “We have spent our first year creating a new bar for the long-haul telecoms sector by investing in the digital infrastructure, team and skills that Europe needs now and for the future.”
He said the new program is in addition to the €190 million for new infrastructure and upgrade projects announced by Exa in May.
“This new round of capital investments signals our intent to continue aggressively expanding our capabilities to deliver what customers expect from a focused, specialty infrastructure provider. We are shaking up a sector starved for investment by providing the capital and expertise needed to deploy new infrastructure where and when it’s needed.”
Exa Infrastructure is the name announced last year for the former infrastructure division of GTT Communications. U.S.-based I Squared Capital bought the company, which includes former Interoute and Hibernia Networks, for $2.1 billion in a transaction completed in September 2021.
Among the new investments (see map, marked dark blue, with existing network in orange), they are mainly concentrated in Southern Europe, with a new 830 km link linking Belgrade, Zagreb, Ljubljana and Udinese in the North Balkans, forming a diverse, low-latency route connects the major transport hubs of Sofia and Istanbul with Western Europe.
There will be a 600 km high fiber count cable route between Barcelona, Zaragoza and Bilbao “that will create a new high capacity, low latency connection between the Mediterranean Sea and the cable landing stations and data center clusters in the North Atlantic”.
In northern Europe, Exa will create a new route between Ghent and Brussels in Belgium and upgrade the cable between Brussels and Frankfurt “to form the most direct and modern route between London and the financial heart of Germany”.
Exa has already announced it will take over capacity on the CrossChannel cable from England to France, which will be laid in 2021 as the first subsea connection across the English Channel in more than two decades. In his video interview with capacityBlanken said that Exa will add its own submarine cross-channel cable.
Exa will also install a new high fiber count cable route between Milan and Zurich, the company said this morning.
At the same time, there are plans to upgrade many routes to speeds of 400 Gbit/s using Infinera technology.
Blanken added: “Exa has moved mountains over the past 12 months to deliver on our promises to our customers, partners, suppliers and our own colleagues. This is just the beginning: we want to continue to offer the best and broadest network available with a team that is easy to do business with and in step with our customers’ needs.”