Frankfurt, GERMANY – 27 February 2007 – euNetworks AG, a subsidiary of the Global Voice Group, (GVG) – owner and operator of one of Europe’s highest capacity fiber networks and provider of mission critical communication infrastructure and services – today announced total revenues of €24 million, and EBITDA profitability of €7 million for the year ended 31 December, 2006.“2006 was a year of investment and consolidation in our core networking business in which we completed agreements with 47 new customers and signed €43 million in new business, a growth of over 250% over our previous year,” said Noel Meaney, chief executive officer, euNetworks. “In the year we completed a major long-haul network acquisition, went live with our Amsterdam Datacenter, divested non-core businesses, and doubled sales and marketing resources. With the near completion of our next generation network design and build out, we are well positioned to sustain and accelerate our performance in 2007.”
euNetworks is a critical bandwidth infrastructure company. We own and operate 18 fibre based metropolitan networks connected with a high-capacity intercity backbone covering 53 cities in 17 countries across Europe. The company leads the market in data centre connectivity, directly connecting over 585 today, and is also a leading cloud connectivity provider, with over 180 on-ramps on our network directly connecting all key cloud providers and major platforms. This coupled with our extensive connected data centre footprint positions us strongly to support and enable our Customers with their cloud infrastructure developments and challenges.