More Fiber M&A: Neo Telecoms Takes Out MIT

January 6th, 2012 by · Leave a Comment

No not the university, it's actually about metro fiber getting hotter across the Atlantic. Yesterday, French-based competitive network operator Neo Telecoms announced the acquisition of the MIT group. The MIT Group operates in the Languedoc Roussilon region of France, which is basically the half of the country's Mediterranean coast that is closer to Spain.  Their main focus was on the metro area of Montpellier.  Since a picture is worth a thousand words, here are three of them:

Neo Telecoms already operates 300 route kilometers of metro fiber in Paris in addition to their international IP/MPLS network, and the acquisition of MIT group gives them an asset base from which to address the south of France as well.  They have already been expanding their datacenter footprint to sites in Toulouse, Nancy, and Metz, and has recently added two PoPs in Madrid.  I doubt very much that yesterday's purchase will be their last of 2012, as the company seems to be on an aggressive footing.

The metro fiber marketplace across Europe looks rather like it did in the US several years ago before private equity groups moved in to take advantage.

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Categories: Mergers and Acquisitions · Metro fiber

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