March 2025 – We are pleased to have advised Madison Debt Holdings on the successful sale of Conexio Metro DOO Beograd, the owner of a metro optic network in Belgrade, to A1 Serbia.
The metro optic network, running through the sewage system to connect end-users, is a unique and highly sought-after telecom infrastructure in Serbia.
Kinstellar's Belgrade team provided expert guidance through one of the most complex transaction structures in the market, crafting the corporate spin-off process and leveraging deep industry knowledge to ensure the successful carve-out of the metro network into a newly established company. This paved the way for a seamless share sale to A1 Serbia of spun off telecom assets.
The Kinstellar team was led by Radovan Grbović (Partner), alongside Mina Srećković and Mario Kijanović (Managing Associates), and was supported by Vuk Vučković, Jelisaveta Folić, and Đorđe