14/12/2023
EXA Infrastructure, the largest dedicated digital infrastructure platform connecting Europe and North America, and Grid Telecom, a wholly owned subsidiary, and the telecommunications vehicle of IPTO-Independent Power Transmission Operator of Greece, today announce their strategic partnership to boost digital connectivity and provide infrastructure services anchored in Greece, establishing a critical link to the broader Balkans and Mediterranean region.
EXA continues to expand its network presence and is live across the Mediterranean, delivering a leading-edge data connectivity for Greece as well as neighboring countries. Emerging as the prime wholesaler in the Greek market, Grid Telecom has been exploiting IPTO’s extensive optical network and integrating it with its own fiber links and points-of-presence, to achieve network diversity and exceptionally low latency, while creating a new carrier neutral, open-access, connectivity hub in the region.
The investments of EXA and Grid Telecom in the region are highly complementary, providing strong synergies and mutual business opportunities. The partnership between EXA and Grid Telecom will provide their wholesale and corporate customers with diverse open-access interconnection and international reach across Europe and beyond. The partnership between EXA and Grid Telecom networks will create new reliable data routes, providing important and unique benefits, such as low latency, strong redundancy, advanced cyber security, and high capacity.
The Chief Commercial Officer of EXA Infrastructure, Nicholas Collins, said:
"Our strategic partnership with Grid Telecom is a major step into delivering our vision and growth plans, further enhancing connectivity and diversification in Greece and across South Eastern Europe. EXA are focused and committed to building the digital infrastructure of the future, needed to support the increasing demand for international bandwidth. Our combined forces will create and support an important new telecommunications corridor to enable our customers to scale and grow in the broader region."
The Managing Director of Grid Telecom, George Psyrris commented:
"Grid Telecom consolidates its position as the prime carrier-neutral wholesale provider in Greece, offering telecommunications corridors of high capacity and reliability. The collaboration achieved between EXA Infrastructure and Grid Telecom will enable them to provide total solutions to their customers, leveraging on their extensive experience and expertise. The strategic cooperation with EXA, is in line with Grid Telecom's strategy to strengthen its infrastructure, expanding its international network, and increasing its entry points to Western Europe."
About EXA Infrastructure:
Headquartered in London, EXA Infrastructure is a portfolio company of I Squared Capital and the largest dedicated digital infrastructure platform connecting Europe and North America and owns 142,000 km of fiber network across 34 countries. EXA’s network connects 300 cities and offers 13 Tier 3-equivalent data centers, with sub-sea routes that include three transatlantic cables, one with the lowest latency link between Europe and North America. For more information, refer to: https://exainfra.net/
About Grid Telecom:
Grid Telecom was established in 2019 as a wholly owned subsidiary company of the Independent Power Transmission Operator (IPTO) of Greece and acts as its telecommunications vehicle for providing wholesale services and total solutions to national and international operators and large enterprise customers. Grid Telecom’s optical fiber terrestrial and subsea network exceeds 4,000 km throughout Greece and will soon exceed 6,000 km connecting most Greek islands with the core network, offering dark fiber and spectrum, achieving the shortest possible routes, network diversity, maximum security, and very low latency. Grid Telecom is developing a growing international optical fiber network that is supported by a state-of-the-art proprietary DWDM optical network, providing ultra-fast capacity services, as well as collocation services within protected areas in IPTO’s substation sites across Greece. For more information, contact: pressoffice@grid-telecom.com
About IPTO:
The Independent Power Transmission Operator (IPTO) is responsible for the operation, monitoring, maintenance, and development of the Electricity Transmission System of Greece. It plans and implements strategic projects amounting to 5 billion euros over the following decade which aim to upgrade and expand electrical interconnections in mainland Greece and the Greek islands. These include the Crete-Attica electricity interconnection, complemented by twin fiber optic cables, the completion of the Cyclades interconnections, as well as the Dodecanese and Northeast Aegean interconnections. IPTO has recently assumed the role of the project promoter of the interconnection between Greece, Cyprus and Israel "Great Sea Interconnector". It is planning new international interconnections with Italy, Albania, North Macedonia and Turkey and is also maturing the "Green Aegean Interconnector" project, a new electrical corridor between Greece and southern Germany for the transmission of clean energy originating from Greece and the Eastern Mediterranean region to the large consumption centers of Central Europe. For more information, contact: pressoffice@admie.gr
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