GTT Communications has inked a definitive purchase agreement to acquire KPN International, a division of Dutch telco KPN, for approximately €50 million in cash, on a cash and debt-free basis.
GTT said the purchase of KPN International – which operates a global IP network serving enterprise and carrier customers – will enable it to
- Augment scale and network reach, adding depth to GTT’s Tier 1 global IP network in Europe across 21 countries, including long-haul fiber routes and metro rings in Frankfurt, London, Amsterdam and Paris
- Add more than 400 strategic enterprise and carrier clients. GTT will be the preferred international network supplier for an additional 400 clients retained by KPN
- Contribute a global sales, operations, service delivery and client service organization, with a proven track record of delivering outstanding client experience
- Complement GTT’s comprehensive portfolio of cloud networking services with similar best-in-class transport and infrastructure, internet, and wide area networking services
“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,:” said GTT president and CEO Rick Calder.
The acquisition is expected to close in the third quarter 2019 subject to the required regulatory approvals.