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GTT Communications has finalized its
acquisition of theglobal telecoms provider
Hibernia Networks.
The takeover will expand GTT’s global tier
1 IP network with owned and leased dark
fiber assets, plus five owned subsea cables
– including the transatlantic Hibernia
Express system, with a design capacity of
53Tbps – as well as eight submarine cable
landing stations.
Rick Calder, GTT president and CEO,
commented: “The addition of Hibernia
Networks advances GTT’s growth strategy.
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 withmultinational
clients.
“Our clients will also benefit from a
team with deep technical expertize
and a proven track record of delivering
exceptional client service.” GTT expects
the complete integration of Hibernia
Networks within two to three quarters after
closing the deal.
Expanding fiber assets
Hibernia Networks’ networks. Photograph
courtesy of Hibernia Networks
wiredInUSA - February 2017
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