GTT Communications has completed its acquisition of KPN International, a division of KPN N.V.—a company headquartered in the Netherlands, which operates a global IP network serving enterprise and carrier clients.

This strategic combination adds more than 400 enterprise and carrier clients. GTT will also be the preferred international network supplier for several hundred additional clients retained by KPN.

Complements GTT’s comprehensive portfolio of cloud networking services with wide area networking, internet and transport services, and adds depth to GTT’s global T1 IP network in Europe across 21 countries.

GTT paid approximately $55.3 million in cash, on a cash and debt-free basis, to complete the transaction, and will continue to evaluate options to optimize the GTT capital structure, including various and opportunistic financing and refinancing options.