Dublin-based telecoms service operator Viatel is to sell its non-Irish infrastructure and enterprise businesses to the US Zayo Group.
The deal, worth around €95m, will not affect existing Viatel operations here or its European Voice and MPLS services.
The sale is expected to close by the end of the year and will see Viatel’s fibre network, which spans eight European countries, joining the US and European networks of Zayo.
Viatel is a wholly owned subsidiary of the Digiweb Group, founded by CEO Colm Piercy.
In recent years, ten companies have been acquired and integrated by the Digiweb Group as it pursued growth and new markets, with further acquisitions are expected over the coming year.
