News
Zayo to Acquire Viatel
November 2015 by Marc Jacob
Zayo Group Holdings, Inc. (“Zayo”) announced it has entered into a definitive agreement to acquire Viatel’s infrastructure and non-Irish enterprise businesses. Viatel is a wholly owned subsidiary of the Digiweb Group, a full service telecommunications and managed services operator, based in Dublin, Ireland. The purchase price is approximately €95 million.
The Viatel acquisition will provide Zayo with Pan-European intercity and metro fiber capability via an 8,400 kilometer fiber network across eight countries. The transaction will add 12 new metro networks, seven data centers and connectivity to 81 on-net buildings. Two wholly-owned subsea cable systems will provide connectivity on two of Europe’s busiest routes – London-Amsterdam and London-Paris. The Viatel businesses to be acquired are highly aligned with Zayo’s existing product and customer set, including a higher proportion of dark fiber revenue.
The all-cash transaction is expected to be funded with cash on hand and to close by the end of the calendar year, subject to customary closing conditions.
