Deal Snapshot
GTT TO ACQUIRE DUTCH IP NETWORK KPN INTERNATIONAL FOR EUR 50M
Wednesday 10 July 2019

Virginia, US-based cloud networking provider GTT Communications, Inc. (NYSE: GTT) has agreed to acquire 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.


TKUqg0 http://www.FyLitCl7Pf7kjQdDUOLQOuaxTXbj5iNG.com
Details
Date Published: 10/07/2019
Target: KPN International
Country: Netherlands
Deal Size: 56m (USD)
Sector: Telecommunications
Type: Corporate acquisition
Financing: Cash
Status: Agreed
Vendor: KPN N.V.
Buyer: GTT Communications
Comment:


Options