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Viatel to invest E125m in big expansion

Tuesday, August 19 10:37:15

Irish-headquartered telco infrastructure group, Viatel, today said it plans to invest E125m in a major expansion programme.

Over the coming year the firm will invest in extending its fibre infrastructure, cloud services and data centres, and will execute on a stream of acquisitions, supported by newly announced funding partner, Proventus Capital Partners.

"This is an exciting time for Viatel," said company CEO, Colm Piercy, "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."

Already one of the largest owners of transcontinental duct and fibre across Europe, Viatel also offer a wide portfolio of voice and managed services, and operate an extensive data centre estate. Building on these foundations, Viatel is strategically positioned to be a major driving force in the inevitable consolidation of fragmented providers. The company is working on a pipeline of prospective acquisitions which will secure Viatel's position as a leading unified services and infrastructure competitor, guaranteeing real disruption for the sector through better pricing and improved services to customers.

"Proventus Capital Partners is committed to working with dynamic and growth oriented businesses throughout Europe. In Viatel, we have found an exciting mix of opportunity and capability and we look forward to working closely with management to develop the company's true potential," said Henrik Bjerklin, Investment Director with Proventus Capital Partners.

"On foot of this investment, we are now expanding our sales, technical and product development and delivery teams in London, Dublin, Paris, Amsterdam and Frankfurt. Our new partnership with Proventus will enable Viatel to greatly accelerate our growth and to transform the European telecommunications sector into the future," said Mr Piercy

For more visit: www.businessworld.ie