Cloud networking provider GTT Communications acquires KPN International, a division of KPN NV operating a global IP network serving enterprise and carrier clients, for €50 million in cash.
The deal should augment the scale and network reach of the GTT Tier 1 global IP network in Europe across 21 countries, including long-haul fibre routes and metro rings in Frankfurt, London, Amsterdam and Paris. It also adds over 400 enterprise and carrier clients, with GTT as preferred international network supplier for an additional 400 clients retained by KPN, together with a global sales, operations, service deliver and client service organisation.
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