This has been a pretty heavy month for European fiber M&A, with EQT making moves within its portfolio and Altice's SFR making its move on Covage yesterday. Now the Dutch fiber operator Eurofiber has joined the party with a suite of acquisitions of its own.
Eurofiber is acquiring three French operators: Eurafibre, ATE, and Eura DC, each of which operates at a different layer of infrastructure. Eurafibre operates some 2,000km of fiber connecting up some 150 business parks and 200 municipalities. Meanwhile, Eura DC operates a data center in Roubaix outside of Lille on the French/Belgian border and another a little further south in Douai. And ATE is a hosting and outsourcing provider operating out of those data centers and several others in the region.
The northern France geography is directly adjacent to Eurofiber's deep presence in the Netherlands and Belgium, and therefore quite complementary. Eurofiber thus gains an entry into France from infrastructure up to managed services that it can build upon. Antin bought Eurofiber some four years ago, and there has been recent speculation that they may be ready to sell the company. For now, however, they are moving in the other direction, expanding the footprint inorganically across borders.
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