Inland Fibre Telecom
European bandwidth infrastructure and data centre connectivity provider.
| Date | Investors | Amount | Round |
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| - | investor investor investor | €0.0 | round |
| N/A | €0.0 | round | |
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* | N/A | Post IPO Equity | |
| Total Funding | 000k | ||
| EUR | 2017 | 2018 | 2020 |
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| Revenues | 0000 | 0000 | 0000 |
| EBITDA | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 |
Source: Company filings or news article
euNetworks is a bandwidth infrastructure company that owns and operates fibre networks in 18 European cities, connected by a long-haul backbone spanning 74,900km across 17 countries. The company was founded in 2002 through a management buyout of the European assets of Metromedia Fiber Network, led by Noel Meaney. It has since grown significantly through both organic development and strategic acquisitions, including Inland Fibre Telecom in 2015, Onstage Online in 2019, The Loop Manchester in 2020, and a Belgian dark fibre business in 2023.
The company's business model is focused on providing scalable, fibre-based bandwidth solutions to a client base of wholesale carriers, finance, content, media, mobile, data centre, and enterprise customers. Revenue is generated by offering a portfolio of services that includes dark fibre, metro and long-haul wavelengths, ethernet, colocation, and direct cloud connectivity. This direct infrastructure ownership allows euNetworks to provide customized, high-capacity, and secure connectivity solutions tailored to client needs. As of 2024, the company directly connects over 559 data centres across Europe. For the fiscal year 2024, euNetworks reported revenues of €255 million.
Leadership has been central to the company's trajectory. Brady Rafuse served as CEO from March 2009, leading the company through its privatization and significant growth, increasing annual revenue from approximately €30 million to over €240 million by 2024. Paula Cogan, an industry veteran with experience at Colt, Verizon, and British Telecom, joined in 2021 and was appointed CEO in January 2023. Following Cogan's retirement in August 2024, Kevin Dean was appointed interim CEO. The company is majority-owned by Stonepeak, an infrastructure-focused private equity firm, which has supported its expansion and a €2.1 billion equity recapitalization in 2024.
Keywords: bandwidth infrastructure, dark fibre, data centre connectivity, fibre optic networks, European telecom, colocation services, wavelength services, ethernet services, cloud connectivity, wholesale bandwidth, metro fibre networks, long-haul network, telecommunications infrastructure, high-capacity connectivity, financial services networking, media transport, enterprise networking, mobile backhaul, low latency connectivity