GTT will acquire KPN International for 50 million euros

The cloud network provider for multinational customers will incorporate KPN International's global IP network that serves enterprise and carrier customers.

GTT Communications, a provider of cloud networks for multinational clients, has closed a definitive purchase agreement to acquire KPN International, a division of KPN N.V. based in the Netherlands, for an approximate amount of €50 million in cash, free of cash and debt. KPN International operates a global IP network serving enterprise and carrier customers.

This strategic combination will increase the scale and reach of the network, adding depth to GTT's global Tier 1 IP network in Europe across 21 countries, including long-haul fiber routes and metro rings in Frankfurt, London, Amsterdam and Paris.

Will add more than 400 customers business strategies. GTT will be the preferred international network provider for another 400 KPN contracted customers.

Additionally, you will contribute to a global sales, operations, service delivery and customer service organization with a proven track record of delivering an exceptional customer experience.

Rick Calder, president and CEO of GTT, highlights that "the acquisition of KPN International deepens our market presence in the European region. The world-class resources brought by this acquisition, including a highly experienced team, international network assets and an extensive list of multinational clients, will help us fulfill our purpose of connecting people across organizations around the world and to every application in the cloud."

GTT expects to be able to fully close the operation in the third quarter of 2019, after approval from regulatory administrations.

KPN International is part of Royal KPN, a leading telecommunications and IT provider and market leader in the Netherlands, serving both consumers and businesses with its fixed and mobile telephone, broadband and television networks.