Morgan Stanley leads €12m investment in Digiweb

11 Nov 2013333 Views

Viatel CEO Colm Piercy

Dublin-headquartered telecoms company Digiweb, which in recent months acquired European operator Viatel, received an investment of close to €12m in a share placement round led by Morgan Stanley.

According to CRO filings, a share placement of more than 1.2m shares were placed on behalf of an entity called Viatel Investor Holdco LLC with an address on Broadway, New York.

More than 1m preference shares were valued at €6.5m while B ordinary shares were valued at €3.2m and C ordinary shares were valued at just over €2m.

Following Digiweb’s acquisition of Viatel last May, Morgan Stanley became a minority shareholder in Digiweb.

Support Silicon Republic

The acquisition of Viatel netted Digiweb a €1.5bn pan-European fibre network.

The investment of close to €12m will fund Digiweb’s efforts to expand into Europe.

Digiweb, which generates annual revenues of US$78m, also acquired the retail assets of Belgian ISP Mondial Telecom.

John Kennedy is an award-winning technology journalist who served as editor of Siliconrepublic.com for 17 years.

editorial@siliconrepublic.com