“The creation of EXA, the way that we will serve our customers and our commitment to continual investment in our business is all down to one word: focus. The deal enables GTT to reinforce its capex light business model as well as its cloud networking focus and will benefit both enterprise and infrastructure clients alike.”Ĭoncluded newly hired EXA CEO Martijn Blanken: “The divestment of the highly differentiated infrastructure division assets will ensure greater focus on network investment and development of high-speed infrastructure services under the more specialized ownership of this experienced investor. We welcome the talented team from GTT to EXA Infrastructure, the newly named independent operating company.”Īdded GTT Chief Revenue Officer and Interim CEO Ernie Ortega: We are excited about the opportunity to invest and build on this rich set of digital infrastructure capabilities to serve the increasing market demand for high performance networks. “The differentiated fiber and data center assets acquired through this purchase from GTT are a valuable addition to our global digital infrastructure investments. In a prepared statement about the deal, I Squared Capital Managing Partner Gautam Bhandari said: Infrastructure and Data Center Acquisition: Executive Perspectives New EXA Infrastructure CEO Martijn Blanken was previously group managing director of Telstra Enterprise and CEO of Telstra Global, which under his leadership transformed into the leading service provider in Asia Pacific, he biography asserts. The newly branded EXA Infrastructure, headquartered in London, United Kingdom, has 28 offices in 18 countries across Europe.
Also, roughly 420 employees have shifted from GTT to EXA.
Under terms of the deal, I Squared agreed to pay $2.02 at closing and up to $130 million in deferred payments based on certain financial results.
Various telecom and data infrastructure solutions for “marquee clients.”. Fourteen Tier 3 data centers and over 100 colocation facilities. Three transatlantic subsea cables, including GTT Express, the lowest latency route between Europe and North America. A 103,000 route kilometer fiber network with over 400 points of presence, spanning 31 metro areas and interconnecting 103 cities across Europe and North America. Those assets, now known as EXA Infrastructure, include: GTT also acquired Global Capacity for $100 million in 2017 to boost its SD-WAN for enterprise customers.In this deal, I Squared Capital essentially gains “selected network and data center assets accumulated from several GTT acquisitions, including Interoute, Hibernia, and KPN International,” the seller says. And in October it purchased North Carolina-based communication services provider Access Point for $40 million. In May it bought London-based Interoute, which operated of one of Europe’s largest independent fiber networks and cloud networking platforms, for $2.3 billion in cash. This expanded GTT’s network footprint in Canada. In March, it acquired Toronto-based Accelerated Connections, which provides managed networking, voice-over-IP (VoIP), and colocation services. In January 2018 it acquired Amsterdam-based network connectivity provider Custom Connect to extend the reach of its internet backbone. The deal also follows several other networking and carrier acquisitions that GTT made over the last two years. “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 organizations around the world and to every application in the cloud.” “The acquisition of KPN International deepens our market presence in the European region,” said Rick Calder, GTT president and CEO. KPN International’s global sales, operations, service delivery, and client service organization will join GTT after the transaction closes, which the companies expect to happen in the third quarter of 2019. It also makes GTT the preferred international network supplier for an additional 400 of KPN’s enterprise and carrier customers. The purchase, which includes KPN International’s long-haul fiber routes and metro rings in London, Amsterdam, Paris, and Frankfurt, Germany and will expand GTT’s network across 21 European countries. KPN International is a division of KPN N.V. GTT Communications today said it reached a deal to acquire Dutch telecommunications and IT provider KPN International for $56 million in cash.
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