GTT has completed its purchase of UK-based PacketExchange, a deal which instantly gives it a combined global customer base of over 1,200 customers located throughout North America, Europe, and Asia.
In addition to expanding the geographic reach of its network facilities, GTT will gain an expanded portfolio of data services, including Global Ethernet, Global Peering, Collaborative Networking, Cloud Networking, Dedicated Internet Access and Transit in addition to emerging cloud-based Network Infrastructure-as-a-Service, complete end-to-end managed services.
Since the deal was announced on May 23, GTT has been working to integrate PacketExchange's network assets, services and clients into its proprietary Client Management Database (CMD) to ensure day-to-day operations such as service installations and network support aren't interrupted.
GTT funded the acquisition of PacketExchange via an expanded term loan facility with GTT's existing investor, Silicon Valley Bank and BIA Digital Partners.
For more:
- see the release
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