euNetworks Secures Additional €250M Investment

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Sienna Rowley
Sienna Rowley
Sienna is an editor at Cloud Host News. She is an internet enthusiast, always eager to explore the latest trend in the tech space. She is a modest family woman who loves traveling in her free time.

euNetworks, a Western European bandwidth infrastructure company, declared that it has secured an additional €250 million investment from the Investment Management Corporation of Ontario and the latest agreement from a vehicle managed by Stonepeak will prevail to possess a huge stake in euNetworks. The organization also replied that they are concentrating on providing high bandwidth data center to data center connection among the cities and within the cities in Europe.

Distinct routes and several diverse paths

euNetworks possess and run deep fiber networks across 17 cities and further operates a highly diverse long haul network that traverses over 15 countries. The organization furthermore declared that investment resumes driving the organization’s success and growth which are led by the capacity demands of euNetworks’ clients.

In a few years, euNetworks has added extra metro networks in Manchester, Milan, Madrid, and Vienna, joining all chief data centers, as well as added density and extensions to several of its current city networks.

Tim Formuziewich, Managing Director and Global Head of IMCO’s Infrastructure program stated that they seek to invest in world-class infrastructure businesses across the globe and are thrilled to be a part of European Platform growth by investing in euNetworks.

Chief Executive Officer of euNetworks, Brady Rafuse stated that Bandwidth and Internet Infrastructure underpins many of the commerce and society and that influence extends to increase exponentially. They are completely concentrating on deploying capital to help in the demands of those clients, whose bandwidth needs are gradually doubling each year. He further said that the company is thrilled to have achieved further investment from IMCO and Stonepeak and appreciate them for their help as they proceed to create and deploy fiber network infrastructure in Europe.

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