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: Rollingnews.ie

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.

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