& cplSiteName &

GTT Buys Canadian Operator

Carol Wilson
3/12/2018
50%
50%

GTT today snapped up Toronto-based Accelerated Connections, a managed networking, VoIP and colocation service provider, which marks its third acquisition of the year. Financial terms will be announced later, with GTT's 2018 results.

The deal is much smaller than GTT Communications Inc. 's recent agreement to buy Interoute for $2.3 billion, but gives the US-based competitor what it is calling "one of the largest non-incumbent network footprints in the Canadian market." The purchase was closed on Friday. (See GTT Acquires Accelerated Connections.)


You're invited to attend Light Reading's Big Communications Event -- the ONE event that delivers fresh perspective on the rapid transformation of the telecom industry and the road ahead. We'll see you May 14-16 in Austin -- communications service providers get in free!


In making the announcement, GTT CEO Rick Calder stressed the compatibility of the assets, linking GTT's IP backbone to ACI's base of customers and leveraging its Canadian landing station for GTT Express, its transatlantic cable system. ACI delivers managed services that fit well into GTT's portfolio, the company stated in its announcement and adds "strategic clients in key vertical markets including hospitality, retail and financial services."

Calder had hinted at further deals in speaking about the Interoute purchase, saying GTT still has a "pipeline" of smaller strategic acquisitions that it is considering.

— Carol Wilson, Editor-at-Large, Light Reading

(0)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
Featured Video
From The Founder
John Chambers is still as passionate about business and innovation as he ever was at Cisco, finds Steve Saunders.
Flash Poll
Upcoming Live Events
June 26, 2018, Nice, France
September 12, 2018, Los Angeles, CA
September 24-26, 2018, Westin Westminster, Denver
October 9, 2018, The Westin Times Square, New York
October 23, 2018, Georgia World Congress Centre, Atlanta, GA
November 7-8, 2018, London, United Kingdom
November 8, 2018, The Montcalm by Marble Arch, London
November 15, 2018, The Westin Times Square, New York
December 4-6, 2018, Lisbon, Portugal
All Upcoming Live Events
Hot Topics
Telco Job Prospects Go From Bad to Worse
Iain Morris, News Editor, 6/22/2018
Larry Ellison Laughed at the Cloud, Now the Cloud Is Laughing Back
Mitch Wagner, Executive Editor, Light Reading, 6/20/2018
Mavenir's Billion-Dollar Blueprint
Ray Le Maistre, Editor-in-Chief, 6/18/2018
5G Transport – Where Do We Start?
Ray Le Maistre, Editor-in-Chief, 6/21/2018
Animals with Phones
Backing Up Your Work Is Crucial Click Here
Live Digital Audio

A CSP's digital transformation involves so much more than technology. Crucial – and often most challenging – is the cultural transformation that goes along with it. As Sigma's Chief Technology Officer, Catherine Michel has extensive experience with technology as she leads the company's entire product portfolio and strategy. But she's also no stranger to merging technology and culture, having taken a company — Tribold — from inception to acquisition (by Sigma in 2013), and she continues to advise service providers on how to drive their own transformations. This impressive female leader and vocal advocate for other women in the industry will join Women in Comms for a live radio show to discuss all things digital transformation, including the cultural transformation that goes along with it.

Like Us on Facebook
Twitter Feed