GTS Plans Budapest Expansion

BUDAPEST -- GTS Central Europe, a leading infrastructure-based telecommunications operator, provider of data center services in Central and Eastern Europe and the parent of GTS Hungary, has closed the acquisition of Interware and will spend EUR 550,000 in the next 3 months on the expansion of the acquired data center in Victor Hugo Street, Budapest. The combination of Interware and existing GTS Hungary data center facilities will position GTS Hungary as leader in the Hungarian data center market.

GTS Central Europe signed the contract on the acquisition of 100% of Interware on June 10, 2010. The parties have not disclosed the details of the financial agreement. The transaction was completed on October 1, 2010 with the approval of the Hungarian Competition Authority.

Interware has an established history as an outstanding operator in the Hungarian alternative telecommunications market since 1998, offering server hosting, colocation, internet and fixed line telephone services primarily to business customers. The company operates two data centers in central Budapest, with a total area of 1,075 square meters.

Interware will be merged into GTS Hungary, creating a combined business with annual revenues exceeding EUR 62 million and data centers having a total floor area of more than 1,600 square meters.

GTS Central Europe