Viatel acquires connectivity service provider WiFiber | Chirisa Capital Management
post-template-default,single,single-post,postid-1411,single-format-standard,bridge-core-2.4.8,ajax_fade,page_not_loaded,qode-page-loading-effect-enabled,,qode-title-hidden,qode_disabled_responsive_button_padding_change,qode-child-theme-ver-1.0.0,qode-theme-ver-23.3,qode-theme-bridge,disabled_footer_top,wpb-js-composer js-comp-ver-6.4.0,vc_responsive

Viatel acquires connectivity service provider WiFiber

The Viatel Group, Ireland’s leading independent provider of connectivity, cloud and security solutions, has today announced the acquisition of Wifiber Limited.

Wifiber is a business and residential broadband connectivity service provider based in Co. Wicklow, bringing a top class service to both business and residential customers across the east coast region. In addition, Wifiber serves key business segments and counts The National Concert Hall, DLR County Council, EastCoast FM, RTE and CRH amongst its business customers. Wifiber has a strong position providing connectivity services to the Events Industry, working with many of Irelands leading Event and Festival teams and contributors, including the National Ploughing Championships, Bloom, the Aviva Stadium, Electric Picnic, Longitude and Body & Soul festivals.

Paul Rellis, CEO of Viatel welcomed the Wifiber team and customers to Viatel. “Together we can partner to bring even more value to our customers across the business and consumer sectors. Customer service and satisfaction is extremely important to both companies and makes us a great fit. We are delighted that Nikki Thullier, the founder of Wifiber, and his team will remain with the business as we build into the future”

Nikki Thullier CEO and founder of Wifiber said “We are delighted to join the Viatel family, I am immensely proud of the business we have built. Our team is passionate about providing a personable, strong and reliable service to our customers. This, I believe, will be the keystone to a successful partnership with Viatel and Digiweb, who share Wifiber’s ethos and passion. Wifiber are looking forward to working with Viatel to expand our service.

While the financial terms of the deal have not been disclosed, post-acquisition the Viatel Group revenues are forecasted to exceed €65 million in 2022.

Venture Legal Services acted for Viatel in the acquisition, with James Cahill from Montgomery Solicitors acting for WiFiber. Viatel’s strategy, including this transaction, continues to be supported by AIB Capital Markets.