Viatel to invest €125 million
(M2 PressWIRE Via Acquire Media NewsEdge) Viatel, one of Europe's leading telecommunications companies, is set to invest EUR125 million in a major expansion. 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," says 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" he adds.
Already one of the largest owners of transcontinental duct and fibre across Europe, Viatel also offers a wide portfolio of voice and managed services, and operates 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" comments 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" says Piercy.
A headshot of Colm Piercy, Viatel CEO, is available to download here: http://www.johnsonking.com/library/Colm_Piercy_CEO_Viatel.jpg
Viatel is a leading telecommunications company and provides Connectivity and ICT solutions tailored specifically for larger Enterprise, Public Sector, Wholesale and Carrier customers throughout Europe.
With metro fibre and data centres in Dublin, London, Amsterdam, Frankfurt, Dusseldorf, Paris, Rotterdam, Brussels, Zurich, Lyons, Bordeaux and Marseilles, Viatel also owns over 8,500km of duct and fibre optic network infrastructure connecting 8 countries, 35 primary cities, 150 data centres and thousands of mid and large sized enterprises.
The company delivers an extensive portfolio of leading data, cloud, managed services and voice solutions through its wholly owned infrastructure, platforms and partner networks, and is a preferred connectivity partner of London Stock Exchange. In addition, it is directly connected to the largest content distribution networks, internet peering exchanges, public cloud platforms, and internet companies globally.
Viatel employs 220 and is headquartered in Dublin. It continues to increase revenues and profitability year on year with a projected EUR100 million revenue run rate by year end 2014.
More at www.viatel.com
About Proventus Capital Partners
Proventus Capital Partners is an active credit investor and loan provider to midsized companies seeking capital for expansion, acquisition financing, restructurings and refinancing in Europe. Proventus Capital Partners also conducts investments in publically traded corporate bonds.
The funds of Proventus Capital Partners - Proventus Capital Partners, Proventus Capital Partners II, Proventus Capital Partners IIB and Proventus Capital Partners III - have combined assets of EUR 2 billion and are managed by Proventus Capital Management AB, which is owned by management.
Proventus AB, founded in 1969 and owned by Robert Weil, is one of the largest investors in the funds of Proventus Capital Partners.
More at www.proventus.se
Mike Marquiss and Flora Haslam
Johnson King PR
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