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GTT Acquires Communication Services Provider Access Point for USD 40m
Tuesday 02 October 2018

2 October 2018 - Virginia, US-based communications company GTT Communications, Inc. (NYSE: GTT) has acquired North Carolina, US-based communication services provider Access Point, the company said.
GTT paid USD 40m to acquire Access Point, comprised of USD 35m in cash and 115,194 shares valued at USD 5.0m.
GTT said Access Point contributes a growing roster of strategic US enterprise clients, deepening GTT's presence in key verticals such as retail, manufacturing and energy, with significant upsell opportunities.
Access Point's complementary managed broadband, internet and voice capabilities will reinforce GTT's market leadership in cloud networking.
GTT is a cloud networking provider to serve a cloud-based future, connecting people across organisations, around the world and to every application in the cloud.
Citizens Capital Markets served as adviser to Access Point on this transaction.
Details
Date Published: 02/10/2018
Target: Access Point
Country: USA
Deal Size: 40m (USD)
Sector: Telecommunications
Type: Corporate acquisition
Financing: Cash and Stock
Status: Closed
Vendor:
Buyer: GTT Communications
Comment:


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