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Home > Network/Internet > euNetworks secures €250M investment

euNetworks secures €250M investment

euNetworks announced that it has secured an additional €250 million of capital from the Investment Management Corporation of Ontario.


Erdem Yasar Erdem Yasar
June 11, 2020
1 min read
euNetworks secures €250M investment

Western European bandwidth infrastructure company euNetworks announced that it has secured an additional €250 million investment from the Investment Management Corporation of Ontario and a new commitment from a vehicle managed by Stonepeak Infrastructure Partners. According to the announcement, Stonepeak will continue to own a majority stake in euNetworks.

Unique routes and multiple diverse paths

Brady Rafuse, Chief Executive Officer of euNetworks
Brady Rafuse, Chief Executive Officer of euNetworks

The company also stated that they are focused on delivering high bandwidth data center to data center connectivity between and within cities in Europe.euNetworks owns and operates deep fiber networks in 17 cities and also operates a highly differentiated long haul network that spans 15 countries.

The company also stated that the investment continue to fuel the company’s growth and is driven by the capacity requirements of euNetworks’ customers. Brady Rafuse, Chief Executive Officer of euNetworks said,

“Bandwidth and Internet Infrastructure underpins much of commerce and society and that impact continues to grow exponentially. We are laser-focused on deploying capital to support the requirements of our customers, whose bandwidth requirements typically double every year. We are delighted to have secured additional investment from IMCO and Stonepeak and thank them for their support as we continue to build and deploy fiber network infrastructure in Europe.”

See more Network/Internet News


Tags: Eunetworks Group
Erdem Yasar

Erdem Yasar

Erdem Yasar is a news editor at Cloud7 News. Erdem started his career by writing video game reviews in 2007 for PC World magazine while he was studying computer engineering. In the following years, he focused on software development with various programming languages. After his graduation, he continued to work as an editor for several major tech-related websites and magazines. During the 2010s, Erdem Yasar shifted his focus to cloud computing, hosting, and data centers as they were becoming more popular topics in the tech industry. Erdem Yasar also worked with various industry-leading tech companies as a content creator by writing blog posts and other articles. Prior to his role at Cloud7 News, Erdem was the managing editor of T3 Magazine.

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