GTT Communications has announced a definitive purchase agreement to acquire KPN International, a division of KPN N.V., headquartered in the Netherlands.
KPN International operates a global IP network serving enterprise and carrier clients. The strategic combination augments scale and network reach, adding depth to GTT’s T1 global IP network in Europe across 21 countries, including long-haul fiber routes and metro rings in Frankfurt, London, Amsterdam and Paris.
The acquisition also adds more than 400 strategic enterprise and carrier clients. GTT will be the preferred international network supplier for an additional 400 clients retained by KPN. KPN will complement GTT’s comprehensive portfolio of cloud networking services with similar best-in-class transport and infrastructure, internet, and wide area networking services.
The acquisition is expected to close in 3Q19, subject to obtaining the required regulatory approvals.