Monday December 16, 2019

Piercy's Digiweb sells assets of subsidiary for €95 million

The transaction is expected to close by the end of the calendar year

10th November, 2015
Colm Piercy of Digiweb Pic:

Telecommunications entrepreneur Colm Piercy’s Digiweb has sold the non-Irish assets of Viatel, one of its subsidiaries, to American US cable and data firm Zayo Group for $102 million (€95 million).

Zayo, which has a market cap of more than $5 billion, will acquire the assets of Viatel in which include cable networks and data centres across eight European countries.

Digiweb is an Irish telecommunications company founded by entrepreneur Colm Piercy and it acquired Viatel in 2013.

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

Critics claim that payouts in medical negligence cases are far higher in Ireland than in many other countries. While some believe this is necessary to take care of catastrophically injured patients, others say the current system, which pits patients against doctors, needs a radical rethink

Susan Mitchell | 1 day ago

The publisher’s ‘click-farm’ scandal was previously thought to have affected just one podcast episode, but other incidents have now come to light

Aaron Rogan | 1 week ago

SFPA staff are angered by what they see as a leadership that has ‘lost the dressing-room’

Michael Brennan | 1 week ago