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GTT Completes Acquisition of Hibernia NetworksGTT Communications Inc has announced the completion of its acquisition of Hibernia Networks gaining the company's terrestrial and subsea fiber assets, new global points of presence, optical and low latency transport, video and CDN services, and key relationships with marquee clients in the financial services, media and entertainment, web-centric, and service provider industriesGTT Communications, Inc. (NYSE: GTT), the leading global cloud networking provider to multinational clients, announced today the completion of its acquisition of Hibernia Networks, a leading provider of global, high-speed network connectivity solutions and owner of terrestrial and subsea fiber assets. "The addition of Hibernia Networks advances GTT's growth strategy," stated Rick Calder, GTT president and CEO. "The transaction expands GTT's top five global IP network, adds products to our cloud networking portfolio and provides a strong recurring revenue base via established relationships with multinational clients. Our clients will also benefit from a team with deep technical expertise and a proven track record of delivering exceptional client service." The acquisition delivers the following assets:
GTT expects to complete the integration of Hibernia Networks within two to three quarters after closing. Source: GTT Communications release | |
