Viatel and Digiweb Join Forces to create Pan European Telecom and IT Services Group

Viatel and Digiweb Join Forces to create Pan European Telecom and IT Services Group Digiweb Group are pleased to announce today that Viatel and VTLWaveNet have joined its group, creating a pan-European full-service telecommunications provider, with operations in United Kingdom, Ireland, France, Germany, the Netherlands, Belgium, Switzerland and Italy. Digiweb, headquartered in Dublin, is a leading ICT and managed solutions provider, offering multi-site MPLS data networks, IP and traditional voice services, cloud computing, and data centre services to its enterprise, wholesale and government clients. Viatel, operating from London, provides critical fibre connectivity, high speed bandwidth and managed services to blue-chip carrier, corporate and government clients across Europe, having invested $1.5bn in constructing Europe’s leading low latency independent carrier fibre and duct network, connecting 34 cities over 8,500km of network. Certain  investors in Viatel including Morgan Stanley & Co. LLC  are rolling their investment in Viatel into Digiweb Group, and investing additional equity, which will fund the introduction of new services to its expanded client base.  The group will continue to seek opportunities for consolidation in the market to deliver differentiated, exceptional service offerings leveraging wholly owned independent infrastructure. Colm Piercy, Group CEO of Digiweb, said “We see a strong opportunity for cross border consolidation in the telecoms sector in Europe in parallel with the explosion in high bandwidth connectivity demand, and this transaction is the first step in positioning our Group to take advantage of those trends.  Digiweb has always had a philosophy of challenging the status quo and we plan on stepping that up following this marriage of Digiweb’s entrepreneurial culture with Viatel’s service and network excellence, and...