GTT Communications, a global cloud networking provider to multinational clients, is to acquire KPN International, a division of KPN N.V. headquartered in Netherlands, for approximately EUR50 million in cash, on a cash and debt-free basis.
KPN International operates a global IP network serving enterprise and carrier clients.
“The acquisition of KPN International deepens our market presence in the European region,” says Rick Calder, GTT president and CEO. “The world-class resources contributed from this acquisition, including a highly experienced team, international network assets and a deep roster of multinational clients, will help us deliver on our purpose of connecting people across organisations around the world and to every application in the cloud.”
The acquisition is expected to close in the third quarter 2019 subject to obtaining the required regulatory approvals.
