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.
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