London, UK, January 15, 2018 — International network service provider RETN, one of the fastest growing independent European providers of IP Transit and network services, today announces the completion of its acquisition of OPTRON SIA, a fiber-based metro network service provider in Riga, Latvia.
The acquisition of OPTRON SIA accelerates RETN’s growth strategy and expands its regional presence in the Baltics, adding a metro network fully owned by a single provider connecting more than 80 business centres and 270 buildings in Riga. The OPTRON network assets will enhance RETN’s existing metro network coverage in London, Amsterdam, Frankfurt, Berlin, Warsaw, Kiev, Moscow and St. Petersburg.
Dmitry Samarin, RETN Capital CEO, said of the acquisition: “OPTRON fits perfectly with our long-term strategy to acquire fiber-based metro networks and integrate them into our geographically unique long-haul network. This will enable us to increase enterprise customers and offer an expanded portfolio of connectivity services in the region. Our capability to provide city-to-city services across the network will significantly improve, which will definitely have a positive impact on RETN’s customers business growth.”
RETN owns and manages one of the biggest transboundary networks in the Baltic region. It is directly interconnected with the RETN backbone, stretching from the USA throughout Europe and Russia up to Asia, providing secure and fast connectivity between the Baltics and international markets.
Alexandr Ivanov, President and Founder of OPTRON SIA, said: “Our partnership with RETN has spanned over eight years, and we have no doubts that it will continue successfully in the future. RETN’s acquisition of OPTRON will create great value for our existing customer base, and will support further investments in the network and data centre development in Riga. We are now committed to ensure that the transition goes as smoothly as possible. We are very much looking forward to working together to develop our business over the coming years”.
RETN is an international network service provider offering a range of services across its own fiber-optic network to carriers, ISPs, large enterprises, CDNs, governmental organisations, Hosting and Cloud Providers. RETN has over 33,000 km of fiber on its pan-European network which connects 34 countries across Europe, Asia and North America, with a heavy presence in the high growth markets of Eastern Europe and Russia. The RETN backbone (which is connected directly to all major carrier-neutral DCs) carries a large proportion of international traffic in the regions it passes through. The DWDM based network is designed in a ring-architecture offering multiple layers of redundancy. The network’s unique geographical footprint provides over 5 Tbps of capacity over its four primary routes between the West and Asia. www.retn.net
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