GTT Stated about Acquisition of PacketExchange

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GTT Stated about Acquisition of PacketExchange GTT Stated about Acquisition of PacketExchangeGTT Stated about Acquisition of PacketExchange

 

25 May 2011

GTT, a competitive network service integrator, has announced about expansion of company’s international business thanks to acquisition of PacketExchange for $20 million in cash and debt.
This acquisition is an important step for GTT because it's the first acquisition the companyhas made since GTT suspended merger with Global Capacity.
PacketExchange is the UK-based provider of Ethernet-based Internet exchange services, the company serves around 500 wholesale and enterprise clients with 65 points of presence in North America, Europe and Asia.
The completion of the deal is expected by the end of Q2 2011.
According to GTT’s officials, the acquisition will generate more than $20 million in revenue and bring significant incremental EBITDA.

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