GTT Communications, Inc. (NYSE: GTT), a global cloud networking provider to multinational clients, has announced the completion of its acquisition of KPN International, a division of KPN N.V. headquartered in the Netherlands, which operates a global IP network serving enterprise and carrier clients, the company said.
This strategic combination:
Adds more than 400 strategic enterprise and carrier clients. GTT will also be the preferred international network supplier for several hundred additional clients retained by KPN.
Complements GTT´s comprehensive portfolio of cloud networking services with wide area networking, Internet and transport services, and adds depth to GTT´s global Tier 1 IP network in Europe across 21 countries.
Contributes a sales, operations, service delivery and client service organization, with a proven track record of delivering outstanding client experience.
GTT paid approximately EUR 50 million in cash, on a cash and debt-free basis, to complete the transaction, and will continue to evaluate options to optimize the GTT capital structure, including various and opportunistic financing and refinancing options.
GTT connects people across organizations, around the world and to every application in the cloud. For more information on GTT, visit www.gtt.net.
KPN International is a telecommunications and IT provider, serving both Dutch and international customers with its connectivity and value-added services. KPN International offers its services to small-, medium- and large-size business customers and wholesale customers worldwide.
