The European bandwidth infrastructure company euNetworks officially got a bit bigger at the end of last week. Their previously announced purchase of the “Business Branch” of a Belgian utility company has closed, and the integration has begun.
The deal gives euNetworks 1,660km of duct-based network, including both metro routes in Brussels and longhaul routes across Belgium, although. It’s an interesting way to focus on the so-called FLAP region, since Belgium sits entirely within the traditional FLAP loop rather than on it. But it’s also where the lowest latency routes between Frankfurt and London must necessarily pass, and euNetworks’ involvement in serving the financial vertical makes that a key piece of the puzzle. In the longer term, euNetworks will no doubt be developing the new reach within Belgium’s markets.
The integration should be relatively straightforward given that it is mostly at layer 0 and 1 of network infrastructure, but there are always plenty of details to cover. It will be the company’s first such integration under the direction of newly minted CEO Paula Cogan. Financial terms were not disclosed, but from the looks of things I’ll bet euNetworks hopes it can find similar assets out there in Western Europe to acquire this way.
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