euNetworks Acquires Onstage Online GmbH
euNetworks Group Limited (“euNetworks”), a Western European bandwidth infrastructure company, today announced that it has acquired 100% of the shares of Onstage Online GmbH (“Onstage”), a fibre company headquartered in Vienna, Austria.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190328005730/en/
Brady Rafuse (Photo: Business Wire)
Onstage is a firmly established fibre provider in Vienna, having been founded in 1995 by Robert Dornetshuber, and originally one of the first Internet Service Providers in the Austrian market. The duct and fibre metro network running under the pavement and in the sewers comprises several redundant network rings. Each backbone node is connected to at least two other network nodes, delivering true route diversity. The network directly connects to 16 data centres in the city.
As a leading bandwidth infrastructure provider, euNetworks owns and operates deep fibre networks in 14 cities across Europe and also operates a highly differentiated long haul network that spans the region. euNetworks continues to invest in its network, building unique routes, adding multiple diverse paths and extending reach into key hyperscale sites, data clusters and aggregation points. These investments fuel the company’s growth and are driven by the bandwidth demands of its customers.
“The acquisition of Onstage adds further uniqueness to our fibre based infrastructure,” said Brady Rafuse, Chief Executive Officer of euNetworks. “Our long haul network connects into Vienna. The addition of Onstage to euNetworks adds to our metropolitan network portfolio and immediately delivers diversity and reach in this growing market. Vienna is an important internet hub, both for proximity to Germany and also as a hub for eastbound traffic to Asia and the Middle East. This is a highly complementary business to euNetworks and growing our presence in Austria was a logical next step in our development. The combined footprint will deliver immediate value to both existing customers and our new customers that we welcome from Onstage.”
“We are delighted that Onstage has been acquired by euNetworks,” said Robert Dornetshuber, Managing Director of Onstage. “We have a shared vision of the importance of fibre networks and how they should be developed. euNetworks’ bandwidth offering across Western Europe is certainly market leading and their approach to aligning network development and investment with customer needs is very welcome.”
“Our customers will immediately benefit from this acquisition, with access to euNetworks’ extensive fibre footprint across Europe,” said Rudolf Lesiak, Managing Partner of Onstage. euNetworks is very focused on their customers, working closely with them to support their growing bandwidth demands. We are excited to be joining the team and to continue to focus on delivering a great service experience as well as more fibre-based service options to our Austrian customers.”
“There are strong synergies between the businesses, added Rafuse. “Approximately 90% of revenues map to euNetworks’ focus products of Dark Fibre, Wavelengths and Ethernet. We anticipate a rapid integration into euNetworks’ systems and network. We are delighted to welcome Rudolf Lesiak of Onstage, and the full team into the euNetworks Group along with their customers and suppliers. Their local knowledge, expertise and strong relationships in the market are invaluable as we look to grow euNetworks’ presence in Austria. Robert Dornetshuber has decided to retire after the integration of the business. We thank him for his vision to build this dense metropolitan network and we wish him well.”
euNetworks is a bandwidth infrastructure company, owning and operating 14 fibre based metropolitan networks connected with a high capacity intercity backbone covering 49 cities in 15 countries across Europe. The company leads the market in data centre connectivity, directly connecting over 370 today. euNetworks is also a leading cloud connectivity provider, directly connecting 14 cloud platforms with access to a further 7. The company offers a targeted portfolio of metropolitan and long haul services including Dark Fibre, Wavelengths, and Ethernet. Wholesale, finance, content, media, mobile, 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.
For further information visit eunetworks.com.
About Onstage Online GmbH
Onstage is one of the first Internet Service Providers in the Austrian market. The company has been active in the Austrian market since 1995. Onstage offers its customers an IT and telecommunications solution that is both optimal and cost effective. Following the acquisition of its own fiber optic infrastructure in 2007, Onstage expanded its fibre network in Vienna.
For further information visit www.onstage.at
Senior Director, Marketing & IR
office: +44 20 7952 1338
mobile: +44 7717 896 446
Onstage Online GmbH
office: +43 (0) 664 8325 367
Om Business Wire
(c) 2018 Business Wire, Inc., All rights reserved.
Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.
Følg saker fra Business Wire
Registrer deg med din epostadresse under for å få de nyeste sakene fra Business Wire på epost fortløpende. Du kan melde deg av når som helst.
Siste saker fra Business Wire
5G Arrives in Asia as Operators Invest Billions Rolling out Next Generation Networks, Finds New GSMA Study26.6.2019 01:00:00 CEST | Pressemelding
Asia’s mobile operators are set to invest $370 billion building-out new 5G networks between 2018 and 2025, according to the latest Asia Pacific edition of the GSMA’s Mobile Economy series, published at MWC19 Shanghai today. The world’s first nationwide 5G networks went live in South Korea earlier this year, and it is anticipated that 24 Asia Pacific markets will have launched 5G by 2025. It is forecast that 5G will contribute almost $900 billion to the region’s economy over the next 15 years. China is currently testing 5G across all major cities and provinces, including Shanghai, ahead of commercial launches next year. It is forecast that 28 per cent of China’s mobile connections will be running on 5G networks by 2025, accounting for about a third of all 5G connections globally by this point. “Although 4G still has plenty of headroom for growth across Asia, operators in the region are now investing billions in building-out advanced 5G networks that are facilitating an array of new serv
Phunware Offers Phun Utility Token Globally26.6.2019 00:48:00 CEST | Pressemelding
Phunware, Inc. (NASDAQ: PHUN) (the “Company”), a fully-integrated enterprise cloud platform for mobile that provides products, solutions, data and services for brands worldwide, announced that Phun utility tokens are now available for purchase in international markets. “Phun is a new utility token that enables the international community to participate in our blockchain-enabled data exchange and mobile loyalty ecosystem as we drive towards mainstream global adoption and future exchange listings,” said Randall Crowder, Chief Operating Officer of Phunware. Phunware is an Austin, Texas, headquartered Company with 10 years of success working with the world’s largest organizations. Whether it is enabling immersive gaming and movie experiences for Paramount Pictures International, powering Juniper, Cisco or HP Aruba hardware for app-enabled location services or integrating Electronic Health Records (EHRs) like Epic or Cerner for patient experiences in healthcare, Phunware’s Multiscreen as a
CORRECTING and REPLACING I Squared Capital to Sell Cube Hydro to Ontario Power Generation25.6.2019 23:02:00 CEST | Pressemelding
Sixth paragraph should read: Centerview Partners acted as financial advisor and Sidley Austin LLP, Troutman Sanders LLP, and Davis Polk & Wardwell LLP served as legal counsel to I Squared Capital on this transaction (instead of Centerview Partners acted as financial advisor and Sidley Austin LLP, Troutman Sanders LLP, and David Polk & Wardwell LLP served as legal counsel to I Squared Capital on this transaction). The corrected release reads: I SQUARED CAPITAL TO SELL CUBE HYDRO TO ONTARIO POWER GENERATION I Squared Capital, through its ISQ Global Infrastructure Fund I, announced today that it has reached an agreement to sell its hydropower platform, Cube Hydro Partners and its affiliate, Helix Partners (taken together, Cube Hydro), to Ontario Power Generation (OPG) through its U.S. hydroelectric platform. Cube Hydro owns 385 megawatts of hydro capacity on ten river systems in five states, with 19 small to mid-sized, run-of-the-river and peaking hydro plants. “This is the third portfoli
Results of the MSCI 2019 Market Classification Review25.6.2019 22:15:00 CEST | Pressemelding
MSCI Inc. (NYSE:MSCI), a leading provider of critical decision support tools and services for the global investment community, announces today that it will reclassify the MSCI Kuwait Index to Emerging Markets status, subject to omnibus account structures and same National Investor Number (NIN) cross trades being made available for international institutional investors before the end of November 2019. MSCI will communicate its final decision by December 31, 2019. “Kuwait’s Market Development Project has set the path for the seamless implementation of numerous regulatory and operational enhancements in the Kuwaiti equity market. These enhancements have significantly increased the accessibility level of the Kuwaiti equity market for international institutional investors and resulted in broad positive feedback from these investors on our reclassification proposal,” said Sebastien Lieblich, Global Head of Equity Solutions and Chairman of the MSCI Equity Index Committee. Mr. Lieblich added,
I Squared Capital to Sell Cube Hydro to Ontario Power Generation25.6.2019 19:41:00 CEST | Pressemelding
I Squared Capital, through its ISQ Global Infrastructure Fund I, announced today that it has reached an agreement to sell its hydropower platform, Cube Hydro Partners and its affiliate, Helix Partners (taken together, Cube Hydro), to Ontario Power Generation (OPG) through its U.S. hydroelectric platform. Cube Hydro owns 385 megawatts of hydro capacity on ten river systems in five states, with 19 small to mid-sized, run-of-the-river and peaking hydro plants. “This is the third portfolio company realization in the last twelve months based on the I Squared Capital platform approach, with a total of over $2.8 billion in realized enterprise value,” said Sadek Wahba, Chairman and Managing Partner of I Squared Capital. The other two platforms developed and recently sold by I Squared Capital include Lincoln Clean Energy (a leading onshore wind developer in the U.S. with 800 megawatts) to Ørsted, and Amplus Solar (the preeminent provider of rooftop solar systems for the Indian commercial and in
AerSale Acquires Qwest Air Parts, Inc. to Expand Airframe Parts Sales25.6.2019 19:03:00 CEST | Pressemelding
AerSale ®, a global supplier of aircraft, engines, used serviceable material (USM), and maintenance, repair, and overhaul (MRO) services, announced today it has acquired aircraft parts distributor Qwest Air Parts, Inc. Based in Memphis, Tennessee, Qwest is a recognized leader in aircraft dismantlement and the refurbishment and resale of USM. Qwest has disassembled over 200 aircraft, offers 24/7 AOG service, and operates a teardown facility in Crestview, Florida. Gary Jones, Qwest’s founder, President and CEO, will continue to lead Qwest, which will operate as a stand-alone independent subsidiary of AerSale. The acquisition of Qwest will add scale and reach to AerSale’s already significant airframe USM offerings. Furthermore, Qwest’s recently certified repair station, Q2 Aviation LLC, will supplement AerSale’s growing MRO platform. “As a proven leader in aircraft parts distribution, Qwest is an optimal partner to help further expand our large inventory of high-demand USM, which we cost-