Connectis Tower Company Profile

Background

Connectis Tower is a leading independent telecommunications tower company headquartered in the Balkans. Established in January 2024 following the acquisition of Telekom Srbija's macro tower portfolio by an Actis-led consortium, the company rebranded as Connectis Tower in May 2024. Its mission is to provide optimal services to network operator partners across prime locations, supporting the sector's growth and ensuring reliable service delivery to end customers.

Key Strategic Focus

Connectis Tower specializes in offering space to telecom operators on well-situated towers, with a strong presence across Serbia, Bosnia & Herzegovina, and Montenegro. The company's portfolio comprises approximately 1,800 macro towers: around 1,000 in Serbia, 700 in Bosnia & Herzegovina, and 100 in Montenegro. The majority of these are ground-based macro towers capable of accommodating multiple operators. Connectis Tower is committed to expanding its portfolio to support the increasing demand for connectivity in the region.

Financials and Funding

In January 2024, an Actis-led consortium acquired Telekom Srbija's macro tower portfolio, leading to the formation of Connectis Tower. The financial details of this acquisition have not been publicly disclosed. The capital from this acquisition is intended to support the company's growth initiatives, including the expansion of its tower portfolio and enhancement of service offerings.

Pipeline Development

Connectis Tower is actively expanding its infrastructure to meet the growing needs of telecom operators. In January 2025, the company acquired 50 sites from Dot Networks in Serbia, including 12 ground-based macro towers and 38 rooftop structures, primarily located in central areas of Belgrade and other Serbian cities. This acquisition aligns with Connectis Tower's strategy to diversify its portfolio and enhance service delivery.

Technological Platform and Innovation

Connectis Tower focuses on providing shared infrastructure solutions that reduce operational and capital expenditures for telecom operators. By offering well-situated towers capable of hosting multiple operators, the company facilitates quicker deployment of new technologies, such as 5G, and promotes widespread connectivity while minimizing environmental impact.

Leadership Team

Bogdan Djukic, Group CEO: With over 17 years of experience in the telecom and infrastructure industry, Djukic previously served as General Manager at EuroTeleSites in Serbia and Slovenia. He has also held roles at Ericsson (Serbia and Montenegro) and led network rollout strategies at A1 in Serbia.

Jovana Nikolic, Group CFO: Nikolic brings more than 17 years of experience in audit, financial leadership, and corporate finance. Prior to joining Connectis Tower, she was CFO of a technology scale-up and began her career as an auditor at KPMG. She is a Fellow of the Association of Chartered Certified Accountants (ACCA) and a member of the CFO Association of Serbia.

Leadership Changes

The appointments of Bogdan Djukic as Group CEO and Jovana Nikolic as Group CFO were announced in May 2024, marking a significant step in establishing Connectis Tower's leadership team.

Competitor Profile

Market Insights and Dynamics

The telecommunications tower industry is experiencing significant growth, driven by the increasing demand for mobile connectivity and the rollout of 5G networks. Independent tower companies play a crucial role in providing shared infrastructure, enabling telecom operators to expand their networks efficiently.

Competitor Analysis

Key competitors in the telecommunications tower industry include:

American Tower Corporation: A global leader with a vast portfolio of communications sites worldwide.

Crown Castle International: Focuses on shared communications infrastructure in the United States, operating over 40,000 cell towers and approximately 85,000 route miles of fiber.

IHS Towers: One of the largest independent owners and operators of shared communications infrastructure in Africa and Latin America.

Cellnex Telecom: Europe's largest independent tower operator, with a portfolio exceeding 138,000 sites across 12 European countries.

Strategic Collaborations and Partnerships

Connectis Tower collaborates with multiple network operators across the Balkans, providing them with access to its tower infrastructure. The company is also exploring partnerships to integrate renewable energy solutions into its operations, enhancing sustainability and service reliability.

Operational Insights

As an independent tower company, Connectis Tower offers shared infrastructure that reduces operational and capital expenditures for telecom operators. This model promotes quicker deployment of new technologies, such as 5G, and facilitates widespread connectivity while minimizing environmental impact by reducing the physical overlap of network infrastructure.

Strategic Opportunities and Future Directions

Connectis Tower aims to expand its tower portfolio through both organic growth and strategic acquisitions. The company is committed to supporting the digitalization trend in the Balkans by enabling connectivity and facilitating access to essential services, particularly in rural areas. Future plans include exploring the integration of renewable energy solutions to enhance sustainability and service reliability.