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GTT Acquires Custom Connect to Strengthen Base of Multinational Clients
Tuesday 09 January 2018

9 January 2018 - Virginia, US-based cloud networking provider GTT Communications, Inc. (NYSE: GTT) has acquired Netherlands-based high-speed network connectivity provider Custom Connect to expand base of multinational clients, the company said.
Terms of the transaction were not disclosed.
The combination extends the reach of GTT's global Tier 1 IP backbone with additional points of presence in Europe and the Middle East, and augments GTT's portfolio of ultra-low latency services with the industry's lowest latency service from Frankfurt to London, New York and Chicago
GTT said the acquisition of Custom Connect extends GTT's network and strengthens service offerings in high growth financial markets. These enhanced capabilities reinforce GTT's market position in cloud networking.
GTT provides a suite of cloud networking services, including optical transport, wide area networking, internet, managed services, voice and video services.
Custom Connect serves multinational enterprises and financial trading firms.
Oppenheimer served as the exclusive financial advisor to Custom Connect. Mamadoo Ventures participated in the transaction as principal outside investor in Custom Connect.
Details
Date Published: 09/01/2018
Target: Custom Connect
Country: Netherlands
Sector: Telecommunications
Type: Corporate acquisition
Financing:
Status: Closed
Vendor:
Buyer: GTT Communications
Comment:
Terms of the deal were not disclosed

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