Maarssen, The Netherlands – Eurofiber has announced it has signed a binding agreement to acquire Lumos, a French fiberoptic network company based in Nantes. Following the acquisition of Eurafibre, ATE and Eura DC in November 2019, Eurofiber is accelerating its French growth strategy with this acquisition and with a plan to further expand its network footprint to at least 25 cities in France by 2025. Completion of the acquisition of Lumos is subject to customary regulatory approval in France, and is expected to take place early 2021.
Lumos is a leading B2B infrastructure-based telecom operator based in Nantes. It has deployed 70 kilometers of fiber-optic network in the Nantes area, with points of presence in both Nantes and Paris. Lumos staff as well as Vincent Morio (CEO) and Ghislain Phu (CTO) will remain within the company. Vincent Morio: ‘To us, joining forces with Eurofiber means boosting our growth to become a leading connectivity provider in the Nantes area with a high-quality fiber-optic network and excellent connections within Western Europe. My team and I are very happy to continue our journey as part of Eurofiber Group.’
French growth strategy
Eurofiber plans to accelerate Lumos’ growth by further expanding its network and by extending its market approach to the broader FTTx segment, aligned with Eurofiber’s open access model.
Eurofiber CEO Alex Goldblum: ‘We are delighted to join forces with Lumos, which made a flying start and already has a reputation of excellence. This company joining Eurofiber marks a next step in the realization of our French expansion strategy. Since November 2019, we’ve already had a strong presence in Lille, and with this acquisition we expand to the metropolitan area of Nantes. It is our aim to further extend our network to other areas in France and by 2025, we expect Eurofiber to have operations in at least 25 French cities.’
Recently, the company welcomed Dutch pension fund PGGM as a shareholder, in addition to France-based Antin Infrastructure Partners, which holds the majority of Eurofiber shares.
About Eurofiber
Eurofiber has been a provider of industry-leading open digital infrastructure since 2000. Utilizing our own fiberoptic network and datacenters, we provide smart, open, future-proof cloud and connectivity solutions to companies, government bodies and non-profit organizations. Eurofiber enables total connectivity for the Smart Society, providing connectivity for all FTTx purposes with our 37,200 km fiberoptic network in the Netherlands, Belgium and France and stretching into Germany. This allows our customers complete freedom to choose the services, applications and providers they need to tap into the full potential of digital innovation. Eurofiber also operates nine datacenters in the Netherlands and France through Dataplace and Eura DC. Supplementing Eurofiber’s vital network and datacenter infrastructure, we also offer interconnectivity between nearly all carrier-neutral datacenters in The Netherlands and Belgium through the DCspine platform.
Eurofiber is laying the foundation under the digital society, which is why the Dutch government has assigned Eurofiber the status of ‘vital infrastructure’.
Eurofiber Group consists of: Eurofiber and DCspine (The Netherlands and Belgium), Dataplace and MatrixMind (The Netherlands), Eurafibre, ATE and Eura DC (France).
Read the original press release here. Find out more about Eurofiber here.
