There was an interesting bit of fiber consolidation over in western Europe yesterday. euNetworks has announced an agreement to acquire the dark fiber business of a Belgian utility company, referred to as ‘the Business Branch’.
The assets being purchased include 1,660km of fiber, including intercity fiber between Belgian markets and metro depth in the Brussels metro area. We don’t hear as much from the Belgian infrastructure market as we do from the countries around it that provide the nodes of the FLAP ring. But those routes will add key diverse options to euNetworks’ portfolio when it comes to connecting data centers throughout the region, and particularly on the low latency paths between London and Frankfurt. .
The deal is the first inorganic move by euNetworks since Paula Cogan took over from Brady Rafuse as CEO this past winter, and is expected to close sometime in April. The integration task ahead looks fairly straightforward, and the existing contracts and relationships that euNetworks will be inheriting seem like a solid fit with the rest of the business. I’m sure that they’ll be keeping an eye out for similar opportunities within and adjacent to their network.
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