Viatel to invest USD167m in major fibre expansion

19 Aug 2014

Viatel, the Dublin-based pan-European full-service telecommunications provider, has announced a major EUR125 million (USD167.3 million) investment to expand its fibre infrastructure, cloud services and data centres in the country. The firm’s chief executive Colm Piercy says Viatel also plans to make several acquisitions, supported by newly announced funding partner Proventus Capital Partners. Commenting on the plans, Piercy said: ‘While we already connect 150 data centres and thousands of multinational enterprises and organisations across western Europe, this investment will now enable us to enhance our services and to extend our reach further and deeper within Europe, and to connect new locations in the USA, Canada, the Middle East and Asia.’ As part of the expansion, Viatel will also bolster its sales, technical support, product development and delivery teams in London, Dublin, Paris, Amsterdam and Frankfurt.

In May 2013 Irish alternative telecoms operator Digiweb purchased Viatel for an undisclosed sum, creating an enlarged pan-European group with revenues of USD78 million, profits of USD10 million and a workforce of more than 200 people. The enlarged group now boasts operations in the UK, Ireland, France, Germany, the Netherlands, Belgium, Switzerland and Italy, and from its base in Dublin claims to be able to provide enterprise, wholesale and government customers with multi-site, multiprotocol label switching (MPLS) networks, IP and traditional voice services, cloud computing, and data centre services. The group will now be able to deliver managed voice and data services via metro fibre in a dozen of Europe’s major cities and financial centres, and via 185 points of presence (PoP) by dint of its 100% owned fibre-optic networks, spanning eight countries.

Ireland, Digiweb Ireland, Digiweb UK