RETN to acquire OPTRON and expand Riga metro network
International network service provider RETN has today announced the completion of its acquisition of OPTRON SIA, a fibre-based metro network service provider in Riga, Latvia.
The acquisition of OPTRON SIA accelerates the growth strategy of the independent European provider of IP transit and network services, which has over 33,000 km of fibre on its pan-European network which connects 34 countries across Europe, Asia and North America, with a heavy presence in the high growth markets of Eastern Europe and Russia.
It expands its regional presence in the Baltics, adding a metro network fully owned by a single provider connecting more than 80 business centres and 270 buildings in Riga. The OPTRON network assets will enhance RETN’s existing metro network coverage in London, Amsterdam, Frankfurt, Berlin, Warsaw, Kiev, Moscow and St. Petersburg.
Dmitry Samarin, RETN Capital CEO, said the OPTRON acquisition fits perfectly with the company’s long-term strategy to acquire fibre-based metro networks and integrate them into its geographically unique long-haul network. “This will enable us to increase enterprise customers and offer an expanded portfolio of connectivity services in the region. Our capability to provide city-to-city services across the network will significantly improve, which will definitely have a positive impact on RETN’s customers business growth.”
RETN owns and manages one of the biggest transboundary networks in the Baltic region. It is directly interconnected with the RETN backbone, stretching from the US throughout Europe and Russia up to Asia, providing secure and fast connectivity between the Baltics and international markets.
Alexandr Ivanov, president and founder of OPTRON SIA, added: “Our partnership with RETN has spanned over eight years, and we have no doubts that it will continue successfully in the future. RETN’s acquisition of OPTRON will create great value for our existing customer base, and will support further investments in the network and data centre development in Riga. We are now committed to ensure that the transition goes as smoothly as possible. We are very much looking forward to working together to develop our business over the coming years”.
Last week, RETN expanded its global footprint by deploying two new points of presence (PoPs) in Seoul, South Korea and at the end of 2017 the company launched two new European PoPs in Interxion data centres and also carried out a major upgrade of their point-of presence (PoP) at EvoSwitch AMS1 in the Amsterdam area.