Noel Meaney’s euNetworks has made a multimillion euro investment in a high-speed network – described as one of the fastest in Europe – that connects up 100 data centres across Europe.
The new on-demand Ethernet network will provide financial institutions, telecoms carriers and Web 2.0 ventures and other online businesses with 1Gbps to 10Gbps connectivity on demand.
Barry Nolan, chief operations officer at euNetworks, told siliconrepublic.com that 40 companies have already signed up to the platform.
“The new network effectively provides businesses with the ability to move capacity. If a financial trader, for example, has connections between London or Amsterdam and wants to shift that to London and Munich, they can switch their connection in minutes rather than hours.
“The platform connects 100 of the most important data centres in Europe,” Nolan said, adding that the new 100pc carrier grade Ethernet network connects into Ireland through Hibernia-Atlantic’s under-sea fibre network.
The new all-optical infrastructure combines ‘long haul’ networks with 15 dense ‘last mile’ metropolitan area networks in 15 of Europe’s leading cities.
Nolan explained that more than 55,000 businesses operate within 100 metres of this network.
Noel Meaney, the founder of euNetworks has built a €2bn pan-European next generation network. Meaney established his euNetworks business originally as Global Voice having acquiring the former assets of Metromedia after leading a management buyout. The company has a listing on the Singapore Stock Exchange.
By John Kennedy