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Ireland

Ergo aims for nearly $300m turnover after acquisition

Managed cloud service provider Ergo is acquiring fellow Irish CSP Asystec in a €25 million (US$28.64 million) deal, which is subject to clearance from Ireland's Competition and Consumer Protection Commission. The transaction will create a company employing over 500 IT pros across Ireland, the UK and North America. Ergo is a Microsoft Azure cloud services specialist and As...

January 14

Starwood Capital Group to invest $972m in Irish data centres

Miami Beach investment firm Starwood Capital Group has agreed to invest €855 million (US$971.58 million) in Irish-owned Echelon Data Centres for the development of four facilities across Dublin. The debt finance agreement with affiliates of Starwood will facilitate the construction and completion of data centre facilities on Echelon’s four Irish sites – DUB 10 and DUB...

January 12

New $1.15bn Pan-Arctic submarine fibre cable to go live in 2025

Cinia and Far North Digital have signed a Memorandum of Understanding (MoU) to build a US$1.15 billion fibre optic cable system linking Europe and Asia through the Arctic. The planned 16,500-kilometre cable system will run from Japan, via the Northwest Passage, to Europe with landings in Alaska and the Canadian Arctic. European landings are planned in Norway, Finland and Ir...

December 23

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