Viatel

Viatel is a Dublin-based telecoms operator.

This article is about the Ireland Telecommunications company. For the Australian data service, see Videotex § Australia.
Viatel
TypePublic
IndustryTelecommunications
Founded1991 (1991)
FounderMartin Varsavsky
Headquarters
Dublin
,
Ireland

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.[1]

In 1999, Viatel's market capitalization was valued at US$1.2 billion.[2] 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.[3]

The European arm of Viatel was purchased in May 2013, by the Irish telecoms operator Digiweb.[4]

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 31, 2015.[5]

Since 2018, Viatel have driven new strategy as an Ireland & Europe focused business telecoms, cloud and cyber security provider, with significant Irish and global brands as customers. Following considerable organic growth and a series of acquisitions, Viatel now employs over 275 people with locations in Dublin, Dundalk and Limerick.

Awards

In May 2014 Viatel was nominated for Wholesale Service Provider of the Year, and Network Operator of the Year [6] at the Comms Business 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,[7] and were nominated for Capacity Magazine's Global Carrier Awards for Best Pan-European Wholesale Carrier.[8]

Viatel is a Deloitte Best Managed Company and was honoured to be named as Cisco Transformation & Innovation Partner Award Winner 2021.

In January 2022, Viatel announced the acquisition of the Limerick-based digital transformation services provider, ActionPoint.[9][10]

References
  1. Brown, Eric. "The Connector". Forbes. Retrieved 4 August 2013. Martin Varsavsky has created three. In 1991 he launched Viatel, a pan-European telco that went public on the Nasdaq in 1994; he had put $230,000 into it, and he sold his stake later for $200 million. In 1998 he left Viatel to start Jazztel, a telecom network listed in Spain, and in the bubble his 20% stake was worth $1 billion.
  2. "Undervalued Viatel?". Bloomberg Businessweek. Archived from the original on August 4, 2013. Retrieved 4 August 2013. Viatel, a global provider of telecommunications services, has operations and assets in Europe much like those of KPNQwest. Yet Viatel's market cap is a mere $1.2 billion compared with KPNQwest's $19 billion
  3. TEITELBAUM, RICHARD (17 February 1997). "Viatel A Cautionary Tale Wall Street Heavy Hitters Like George Soros Are Backing This Small, Shaky Telecom Outfit--But That Doesn't Mean You Should Too". CNN (Fortune magazine). Retrieved 4 August 2013.
  4. "Digiweb Group acquires Viatel and VTLWaveNet". Capacity Magazine. Retrieved 2 August 2013.
  5. "Zayo Closes Acquisition of Viatel in Europe | Zayo Group". Zayo Group. Retrieved 2016-02-02.
  6. "The Archive | Comms Business Awards". commsbusinessawards.co.uk. Retrieved 2015-11-18.
  7. "2015 COMMS NATIONAL AWARDS SHORTLIST ANNOUNCED | Comms Dealer". www.comms-dealer.com. Retrieved 2015-11-18.
  8. "Capacity reveals Global Carrier Awards 2015 shortlist". www.capacitymedia.com. Retrieved 2015-11-18.
  9. Viatel (2022-01-12). "Viatel acquires ActionPoint to form a new Digital Services Platform". Viatel. Retrieved 2022-01-18.
  10. Tue; Jan, 18; 2022 - 15:04 (2022-01-18). "Viatel acquires ActionPoint to form a new digital services platform". echo live. Retrieved 2022-01-18.{{cite web}}: CS1 maint: numeric names: authors list (link)
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