In January 2017, GTT acquired Hibernia Networks and its five subsea cables, including Hibernia Express, the lowest latency transatlantic cable system, and eight cable landing stations, new global points of presence, and key clients in the financial services, media and entertainment, web-centric and service provider segments. GTT said the merger contributes significant infrastructure, edge and hosted services to its network, as well as over 1,000 strategic enterprise and carrier clients, primarily headquartered in Europe. Interoute reported revenues of €718 million and adjusted EBITDA of €165 million for the 12 months ending September 30, 2017. Interoute offers transport services (wavelength, Carrier Ethernet, managed bandwidth, storage connect, IP transit, cloud connect) and infrastructure services (dark fiber and data center colocation). In October 2017, Interoute launched its "Edge SD-WAN" service. The company also operates 18 Interoute Virtual Data Centres (VDCs) globally, including three in Asia-Pacific, which are tied into its fiber backbone. Its customers include international enterprises, as well as the world’s major service providers, ICPs and OTT providers. Interoute also owns 15 of its own data centers and 33 colocation facilities. Interoute's European fiber backbone spans 72,000 route kilometers connects nearly 200 data centres and colocation facilities. GTT Communications agreed to acquire Interoute, operator of one of Europe’s largest independent fiber networks and cloud networking platforms, for approximately €1.9 billion ($2.3 billion) in cash. GTT's acquisition of Interoute adds 72K km of European fiber to its transatlantic cables We expect a rapid and smooth integration over the coming months.” “Customers will benefit from access to GTT’s Tier 1 IP network, comprehensive service portfolio, global reach and deep experience in connectivity and managed services. “The combination of ACI and GTT creates a disruptive competitor in the Canadian market,” said Michael Garbe, ACI CEO. “This acquisition demonstrates our commitment to invest in assets and capabilities that enable us to deliver on our purpose of connecting people across organizations and around the world.” “ACI’s deep experience in delivering cloud networking services to distributed enterprises in Canada significantly expands GTT’s global presence,” said Rick Calder, GTT president and CEO. The acquisition also adds strategic clients in key vertical markets, including hospitality, retail and financial services. GTT said the acquisition extends its market presence and unique network assets in Canada, including its landing station for GTT Express, the lowest latency transatlantic cable system.
GTT acquires Accelerated Connections, expanding across Canada The acquisition is expected to close in the third quarter 2019 subject to obtaining the required regulatory approvals. “The world-class resources contributed from this acquisition, including a highly experienced team, international network assets and a deep roster of multinational clients, will help us deliver on our purpose of connecting people across organizations around the world and to every application in the cloud.”
“The acquisition of KPN International deepens our market presence in the European region,” said Rick Calder, GTT president and CEO. It has more than 400 strategic enterprise and carrier clients. KPN International's network spans 21 countries, including long-haul fiber routes and metro rings in Frankfurt, London, Amsterdam and Paris. GTT said the acquisition augments its the scale and reach of its Tier 1 global IP network in Europe. KPN International, which is headquartered in the Netherlands and is a division of KPN N.V., operates a global IP network serving enterprise and carrier clients. GTT Communications agreed to acquire KPN International for approximately €50 million in cash, on a cash and debt-free basis.
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