EXA Infrastructure to Acquire Subsea Infrastructure Provider Aqua Comms

Reported by Srikapardhi January 20th, 2025 at 05:08 pm

The acquisition will enhance EXA's digital infrastructure with additional subsea routes, capacity, and diversity across key markets.

Highlights

The deal strengthens EXA’s subsea infrastructure in both Transatlantic and intra-European markets.
Aqua Comms operates multiple key subsea systems, including AEC-1, AEC-2, CC-1, and CC-2.
The acquisition is expected to be completed within 12 months.

EXA Infrastructure announced on January 17, 2025, that it has signed binding agreements to acquire Aqua Comms, a specialist operator of Transatlantic and intra-European subsea infrastructure. EXA Infrastructure, a London-based portfolio company of I Squared Capital—an independent global infrastructure investment manager—operates over 150,000 km of digital infrastructure across 37 countries, including 20 cable landing stations that provide critical connectivity to subsea cables.

Also Read: India’s Data Transmission Capacity to Quadruple in 2025 with New Submarine Cables: Report

Aqua Comms' Services

Ireland-based Aqua Comms is a service provider specialising in operating submarine cable systems and supplying fiber pairs, spectrum, and wholesale network capacity to the global content, cloud, carrier, and enterprise markets.

Aqua Comms is the owner/operator of America Europe Connect-1 (AEC-1), America Europe Connect-2 (AEC-2), CeltixConnect-1 (CC-1), and CeltixConnect-2 (CC-2), and is part of a consortium that owns/operates the Amitie cable system (AEC-3).

Also Read: Nokia Completes Sale of Alcatel Submarine Networks to French State

Transaction Timeline

"The combination will offer our customers more routes, more capacity, and increased diversity, all on a scaled platform," said the CEO of EXA Infrastructure.

The planned transaction is expected to complete in approximately 12 months, subject to customary closing conditions.

Reported By

Srikapardhi Telecom Analyst

Passionately following the Indian #Telecom Industry for over a decade from Business, Consumer and a Technical perspective. My primary focus area is Consumer & Digital Experience.