Eurofiber has plans to acquire B2B telecom providers Appliwave and Avelia from Septeo, a company specializing in IT solutions for legal and real estate professionals, in a move to expand its footprint in France. Financial terms were not disclosed.
Appliwave is a Paris-based B2B infrastructure telecom operator that provides enterprises and wholesale customers with FTTO connectivity. It was acquired by Septeo in 2019 and in recent years had deployed fiber-optic networks in Paris, Lyon, Annecy and Reims, representing more than 2,600 kilometers (1,616 miles). Its backbone network covers all of France and extends to Germany.
Avelia, headquartered in Nice, was acquired by Septeo in early 2022. It has a large customer base of enterprises and wholesale partners in Paris and Nice, which Avelia provides with network security, telecoms and internet services.
After the transaction closes, which is expected in second quarter 2023, Appliwave and Avelia will become part of Eur