Viatel
Viatel is a Dublin-based telecoms operator. Viatel, part of the Digiweb Group, is the largest Irish owned provider of connectivity (Managed Networks), voice and data centre solutions. Viatel purely focus on solutions for the SME, corporate, public sector and wholesale space.
Viatel own and operate a data centre in Dublin. Viatel provide co-location, dedicated servers and cloud services.
Viatel was founded in 1991 by Martin Varsavsky. In 1994, it went public on the Nasdaq stock exchange. Four years later, Varsavsky sold his stake in Viatel for US$200 million and left the company.
In 1999, Viatel's market capitalization was valued at US$1.2 billion. At that time, Viatel's second-largest outside shareholder was George Soros while the largest outside stake was held by the global telecommunications company COMSAT.
On May 2, 2001, Viatel filed for bankcruptcy protection after being unable to repay its debts of over US$2.6 billion.
In 2002, creditors swapped their loans for 97% of the company's shares. Its new funding was raised by several investors such as the American investment bank Morgan Stanley.
In May 2013, Viatel was purchased by the Irish telecoms operator Digiweb.
In November 2015 it was announced that Zayo was in the process of buying Viatel's UK and mainland Europe network, but leaving the Irish network to continue under the name of Viatel. The €98.8m transaction was completed on December 31st 2015.
In May 2014 they were nominated in two categories (Wholesale Service Provider of the Year, and Network Operator of the Year) at the Comms Business Awards.
Viatel has been named twice in consecutive years as a Best Managed company by Deloitte, 2014 and 2015 and also earned the title of Company of the Year at the 2015 Tech Excellence Awards.
For a second year in a row, they were shortlisted for Wholesale Service Provider of the Year at the Comms Business Awards, came Highly Commended for Best Wholesale Service Provider at the Comms National Awards, and were nominated for Capacity Magazine's Global Carrier Awards for Best Pan-European Wholesale Carrier.
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