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IRISH-OWNED TELECOMS COMPANY Viatel, a wholly-owned subsidiary of Digiweb, will sell all its operations outside the Republic for €95 million.
Publicly-listed US cable and data firm Zayo, which has a market value of about $5.6 billion (€5.2 billion), today announced it was buying the smaller company’s cable networks and data centres across eight countries in Europe.
Viatel was founded in 1991 and in 2013 it merged with the Digiweb Group, which also controls broadband provider Digiweb and web hosting company Host.ie among other Irish businesses.
Zayo will take over Viatel’s 8,400km network of fibre cables, including undersea data links between the British capital and both Amsterdam and Paris, as part of the agreement. The deal will not affect any of its existing operations in Ireland.
Digiweb Group founder and CEO Colm Piercy said Viatel would “continue to offer leading voice, data and hosting solutions in Ireland” after the transaction.
Piercy’s Dundalk-based company was formed in 1997 and in recent years it has gone on a shopping spree, taking over 10 other companies.
Last year Viatel took on €125 million in investment to expand its global operations with revenues at the company predicted to hit €100 million before the end of 2014.
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The Gay community have got everything the wanted. I agree and I voted yes to Gay marraige, but now that you are all accepted members of society folks, stop campaigning, and get on with your life, and get out of our faces. That includes Varadkar.
@Randal McNally: it’s not all about campaigning. It’s about showing young people that there are people just like them out there, it’s about celebrating everything we gave achieved as a community and being thankful that we live in a country like Ireland where this is possible because to some the rights we have here are unimaginable.
@Randal McNally: “The Gay community have got everything the (sic) wanted.” – “stop campaigning, and get on with your life, and get out of our faces.”
There’s no way you voted Yes to marriage equality, pathetic attempt, and when you say ‘our’ faces, do you mean the faces of conservative bigots?
PRIDE is a festival, like Electric Picnic (music), Paddy’s Day (getting hammered) or Blooms Day (Joyce), it’s a celebration, not a protest.
@Atheos Euripides: blooms day and St Patrick’s day are Irish heritage you can’t be serious comparing music festivals and gay pride as just as important and music festivals don’t shut down city’s each to their own and all but what a load of shhhite.
Nothing personal but stupid shutting down the city for this what is the point seriously it’s 2017 ?
@Morizy: It is 2017, welcome to the 21st century.
@Atheos Euripides: pathetic attempt at trying to be a smart arse rather than actually making a point.
About time Ireland came out of the stone age.
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