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GTT acquires Hibernia Networks.

M2 EQUITYBITES-January 11, 2017-GTT acquires Hibernia Networks


Global cloud networking provider GTT Communications, Inc. (NYSE: GTT) has completed its acquisition of high-speed network connectivity solutions Hibernia Networks, the company said.

The acquisition delivers the following assets:

Five subsea cables, including Hibernia Express, the lowest latency transatlantic cable system, and eight cable landing stations; new global points of presence, expanding GTT's Tier 1 IP network to over 300 in total; optical and low latency transport, video and CDN services; and key relationships with marquee clients, specifically within the financial services, media and entertainment, web-centric and service provider segments.

GTT expects to complete the integration of Hibernia Networks within two to three quarters after closing.

GTT provides multinationals with a better way to reach the cloud through its suite of cloud networking services, including wide area networking, Internet, managed services and voice services. The company's Tier 1 IP network, ranked in the top five worldwide, connects clients to any location in the world and any application in the cloud. GTT delivers an outstanding client experience by living its core values of simplicity, speed and agility.

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Publication:M2 EquityBites (EQB)
Date:Jan 11, 2017
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