GTT Communications, Inc., a leading global cloud networking provider to multinational clients, recently announced that it has completed its strategic acquisition of KPN International. KPN International, a telecommunications and IT provider serving both Dutch and international customers with its connectivity and value-added services, is a division of KPN N.V. that is headquartered in the Netherlands.
The acquisition of KPN International, a company that operates a global IP network and serves an array of enterprise and carrier clients, empowers GTT to supplement its portfolio with more than 400 new clients. Now, GTT will serve as the preferred international network supplier for several hundred additional clients, previously retained by KPN.
This complements GTT’s comprehensive suite of cloud networking services, offering wide area networking (WAN), internet and transport, and it also adds depth to GTT’s existing global Tier 1 IP network in Europe spanning 21 countries. The acquisition contributes to the company’s sales, operations and client service delivery excellence, underpinning a proven track record of seamless and outstanding client experiences.
Leveraging its world-leading global IP backbone and a fiber network featuring a pan-European footprint with three transatlantic cables and 600 global points of presence (PoPs), GTT provides a comprehensive suite of cloud networking services to large national and multinational enterprise and carrier clients.
“The great client base contributed by this acquisition, combined with a talented group of employees, strengthens GTT’s presence in Europe,” said Rick Calder, GTT President and CEO. “We are pleased to welcome this blue-chip roster of clients from KPN International, who can now access GTT’s expansive global network and comprehensive service portfolio, as we deliver on our purpose of connecting people across organizations, around the world and to every application in the cloud.”
GTT paid approximately €50 million in cash, on a cash and debt-free basis, to complete the transaction. The company will continue to evaluate options to optimize the GTT capital structure, including various and opportunistic financing and refinancing options.
To learn more about GTT, please visit www.gtt.net.