There was a bit of M&A over in Europe to close out 2020. euNetworks has announced the purchase of The Loop Manchester Limited. The deal expands euNetworks’ metro reach within one of its 17 markets in western Europe, adding both unique existing capacity and room for expansion along the company’s Super-Highway route from Dublin to London and Lowestoft.
The Loop operates a duct and sub-duct based metro fiber footprint in the Manchester metro area of the UK. That footprint spans some 180km and hooks up some 20 data centers and 70 multi-tenant commercial buildings. It is complementary to euNetworks other infrastructure in Manchester, which had consisted of 42km of duct network connecting 17 data centers.
The integration of those assets into euNetworks should be relatively easy, as they date to 2012 or later and are relatively unencumbered by legacy issues to worry about and there is overlap both in business model and customer base, particularly in the media and broadcast vertical. euNetworks has been investing in its UK footprint extensively over the last few years, offering alternative infrastructure both for the region itself and for those seeking connectivity between Ireland and continental Europe.
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Categories: Mergers and Acquisitions · Metro fiber
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