Current CEO of euNetworks, Brady Rafuse, becomes chair of the board
euNetworks announced that Paula Cogan, its current President, will assume the role of CEO from 1 January next year. euNetworks operates a pan-European data transport network. Cogan joined the operator, from Colt Technology Services a year ago and has worked in telecoms for 30 years.
Cogan is replacing Brady Rafuse, who will become chair of euNetworks, and the current chair, Neil Hobbs, will become a non-executive director.
““euNetworks continues to distinguish itself in the digital infrastructure ecosystem, delivering critical internet infrastructure to customers. It’s an asset rich business, focused on developing and deepening its fibre networks, innovating and investing in new technologies to deliver highly scalable, owned and operated fibre-based and sustainable infrastructure in Europe,” said Cogan.
Critical bandwidth
euNetworks is “a critical bandwidth infrastructure company,” which owns and operates 17 fibre-based metropolitan networks connected by an intercity backbone covering 53 cities in 17 countries across Europe.
It claims to be the market’s leader connector of data centres, directly connecting more than 490 of them. euNetworks provides cloud connectivity and offers metropolitan and long-haul services including dark fibre, wavelengths, and Ethernet.
Its customers include wholesale, finance, content, media, mobile, data centre operators and enterprises, which subscribe to fibre and duct-based assets “tailored to fulfil their high bandwidth needs”.
euNetworks operates an optical backbone network connecting 53 cities in 17 countries and runs 17 dense metro fibre city networks. In December 2021, it announced it had secured “debt facilities” of €760 million after consolidation and refinancing, and reported revenues of almost €194 million, up 9% year on year, but a net loss of almost €88 million due to depreciation and finance costs.