Deal Snapshot
GTT CLOSES EUR 50M ACQUISITION OF DUTCH IP NETWORK KPN INTERNATIONAL
Monday 02 December 2019

Virginia, US-based cloud networking provider GTT Communications, Inc. (NYSE: GTT) has closed the acquisition of Netherlands-based IP network KPN International, a division of KPN N.V., for approximately EUR 50m (USD 56m) in cash, on a cash and debt-free basis, the company said.
The combination augments scale and network reach, adding depth to GTT's Tier 1 global IP network in Europe across 21 countries, including long-haul fiber routes and metro rings in Frankfurt, London, Amsterdam and Paris. GTT said the acquisition of KPN International deepens the company's market presence in the European region.


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Details
Date Published: 02/12/2019
Target: KPN International
Country: Netherlands
Deal Size: 56m (USD)
Sector: Telecommunications
Type: Corporate acquisition
Financing: Cash
Status: Closed
Vendor: KPN N.V.
Buyer: GTT Communications
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