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GTT Closes EUR 50m Acquisition of Dutch IP Network KPN International
Monday 02 December 2019

2 December 2019 - Virginia, US-based cloud networking provider GTT Communications, Inc. (NYSE: GTT) has closed the acquisition of Netherlands-based IP network KPN International, a division of KPN N.V., for approximately EUR 50m (USD 56m) in cash, on a cash and debt-free basis, the company said.

The combination augments 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.

GTT said the acquisition of KPN International deepens the company's market presence in the European region.

GTT connects people across organisations, around the world and to every application in the cloud. Clients benefit from service experience built on core values of simplicity, speed and agility. GTT owns and operates a global Tier 1 internet network and provides a comprehensive suite of cloud networking services.
KPN International is a telecommunications and IT provider, serving both Dutch and International customers with its connectivity and value-added services.

The company offers its services to small-, medium-, and large-size business customers and wholesales customers worldwide.

KPN International is part of Royal KPN, a leading telecommunications and IT provider and market leader in the Netherlands, serving both consumer and business customers with its fixed and mobile networks for telephony, broadband and television.
Details
Date Published: 02/12/2019
Target: KPN International
Country: Netherlands
Deal Size: 56m (USD)
Sector: Telecommunications
Type: Corporate acquisition
Financing: Cash
Status: Closed
Vendor: KPN N.V.
Buyer: GTT Communications
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