euNetworks Acquires Fibre Lac S.A.

London, UNITED KINGDOM 16 October 2014 – euNetworks Group Limited (“euNetworks”) Europe’s bandwidth infrastructure provider, today announced that its subsidiary euNetworks GmbH, has acquired 100% of the shares of Fibre Lac S.A. (“Fibrelac”), a company headquartered in Vevey, Switzerland.

Extension into Switzerland is a natural addition for euNetworks, with Fibrelac bringing ~360km of dark fibre network connecting 11 Swiss cities, 5 of these being the key metro cities of Geneva, Zurich, Lausanne, Bern and Basel. The Fibrelac network also directly connects 5 key data centres in Switzerland and offers more data centre connections via partners, further adding to euNetworks’ position as the leading carrier neutral data centre connectivity provider in Europe.

Since 1998, Fibrelac has provided dark fibre and managed services along its ~360km fibre optic network. Fibrelac has an established customer base and deep ties to the local market, delivering dark fibre lease and maintenance services along with design and construction, Wavelengths, Multi-Protocol Label Switching (MPLS) and Internet Protocol (IP) based services.

“The acquisition of Fibrelac is a natural extension of euNetworks’ market leadership in Germany and also broadens the lit service offering available to Fibrelac customers across euNetworks’ European long haul and densely fibred metropolitan footprint,” said Brady Rafuse, Chief Executive Officer of euNetworks.

“By joining euNetworks we will be able to offer our customers greater service options across a wider geography, which we believe adds great value to our trusted customer relationships in Switzerland,” said Olivier Crochat, Chief Executive Officer of Fibrelac. “The integrated businesses will deliver a strong scaling bandwidth proposition to the Swiss and wider European market. We are excited to be joining the euNetworks team.”

“Fibrelac’s network guarantees access to key interconnection and peering points, data centres, technology and business parks in Switzerland,” said Brady Rafuse. “This is a highly complementary business to euNetworks and delivers strong market presence for us with further value to be created. Our leading position serving the financial services community will also be strengthened with this acquisition. As we quickly work through integration, connecting the networks to realise synergies and grow revenues, we as ever remain focused on delivering a great service to all of our customers. We highly value Fibrelac’s strong presence in Switzerland and plan to maintain local sales representation going forward.”
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About euNetworks

euNetworks is a bandwidth infrastructure company, owning and operating 17 fibre based metropolitan networks connected with a high capacity intercity backbone covering 51 cities in 15 countries. The company leads the market in data centre connectivity, directly connecting over 430 today. euNetworks is also a leading cloud connectivity provider, directly connecting to all key cloud platforms with access to additional platforms. The company offers a targeted portfolio of metropolitan and long haul services including Dark Fibre, Wavelengths, and Ethernet. Wholesale, finance, content, media, data centre and enterprise customers benefit from euNetworks’ unique inventory of fibre and duct based assets that are tailored to fulfil their high bandwidth needs.