Tech & Innovation

Viatel to invest €125m in company expansion

By Business & Finance
19 August 2014
Colm Piercy

Viatel, a leading player in Europe’s telecommunications industry, is set to invest €125m in a major expansion.

Over the coming year, the company will invest in extending its fibre infrastructure, cloud services and data centres, and is hoping to deliever on a number of acquisitions, supported by newly announced funding partner, Proventus Capital Partners.

“This is an exciting time for Viatel,” company CEO, Colm Piercy, says. “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 US, 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.

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,” Henrik Bjerklin, investment director with Proventus Capital Partners explains. “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.”

Viatel is now expanding its 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,” says Piercy.