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Press Release -- August 19th, 2014
Source: Viatel Group
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Viatel to Invest €125 Million

Viatel, one of Europe's leading telecommunications companies, is set to invest €125 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 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

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