Printer Friendly

GTT acquires Hibernia Networks.

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

(C)2017 M2 COMMUNICATIONS http://www.m2.com

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.

((Comments on this story may be sent to info@m2.com))

COPYRIGHT 2017 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2017 Gale, Cengage Learning. All rights reserved.

 
Article Details
Printer friendly Cite/link Email Feedback
Publication:M2 EquityBites (EQB)
Date:Jan 11, 2017
Words:202
Previous Article:Intelenet Global launches iCAN tool to reduce airline payment processing costs.
Next Article:ShouTai JinXin to invest RMB33m into Cyber Cloud.
Topics:

Terms of use | Privacy policy | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters