More fiber M&A hit the news this Friday morning, this time over in Europe. euNetworks has struck again, announcing the acquisition of 100% of the shares of Ireland's Inland Fibre Telecom.
Inland Fibre is a company that I haven't run into before, and which appears to have the limited web presence that you sometimes find with single-market dark fiber specialists. The company operates a 130km metro network in and around Dublin. They have fiber along the canalways and access into both key data centers and into business parks in Maynooth and Naas, among others.
euNetworks already has network in Dublin of course, but not to the extent that it does in its deepest markets (see map left). The acquisition of Inland Fibre's assets will boost their reach in the Irish capital quite nicely, adding additional routes and loops.
I had been thinking that euNetworks was ready for another inorganic move, as the FibreLAC deal was just over a year ago now. Of course, I had also been thinking it would involve Viatel, which has a substantial Irish presence. The purchase of Inland Fibre is of rather smaller scale, but seems like a very logical acquisition that boosts euNetworks' prospects in one of the fastest growing bandwidth markets in Europe.