by Jason Verge on August 20, 2014
European telco Viatel, part of the Digiweb Group, is investing €125 million in a major expansion of its fiber infrastructure, cloud services and data center capacity, together with funding partner Proventus Capital Partners. The company may also expand through potential acquisitions.
Based in Dublin, Ireland, Viatel is one of the largest owners of transcontinental duct and fiber across Europe. It offers voice and managed services and already operates an extensive data center footprint. Like most telcos
, it is looking to data center services as a big area of growth and said it will look at acquisitions that further those ambitions.
CEO Colm Piercy said the company is also expanding sales, technical, product development and delivery teams in London, Paris, Amsterdam and Frankfurt.
“This is an exciting time for Viatel,” he said. “While we already connect 150 data centers and thousands of multinational enterprises and organizations 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.”
The company owns its infrastructure, delivering data, cloud, managed services and voice solutions. With a projected €100 million revenue run rate by year end 2014, this is a significant investment for the 200-employee company.
Viatel is a preferred connectivity partner of London Stock Exchange. It is directly connected to the largest content distribution networks, Internet peering exchanges, public cloud platforms and Internet companies globally.