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AKPN Sells International Network to GTT Communications

Mna News - Published on Thu, 11 Jul 2019

Image Source: Reuters
Royal KPN NV announced that it has reached agreement on the sale of its international network to GTT Communications a global cloud network provider to multinational customers with a Tier 1 IP network. GTT pays around EUR 50 million on a cash and debt-free basis (enterprise value). The transaction includes the sale of the international fiber-optic network and points-of-attendance distribution stations (POPs) in 21 countries.

The transaction fits in with KPN's strategy to simplify the company faster. KPN will use the revenue to increase operational and financial flexibility. The usual terms and conditions apply to the transaction, including approval by the competition authority.

After completing the transaction, KPN will continue to provide international services to Dutch business customers as part of its IT services offering. KPN will conclude a framework agreement with GTT for this purpose so that the continuity of the international network services to its customers is guaranteed.

Source :

Posted By : TelecomGuru on Thu, 11 Jul 2019
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