Private equity firms buy GTS Central Europe

A group of four private equity firms have teamed up to acquire wholesale and business services carrier GTS Central Europe for an undisclosed sum. The company has networks in several Eastern European countries with high growth potential. The deal comes not long after Russia's Vimpelcom announced its acquisition of Golden Telecom, and other carriers in the region are said to be looking for buyers or investments.

This acquisition also plays right into my supposedly bold prediction that we would witness at least one private equity-led buyout of an international carrier in 2008. I guess it would have been bolder to say 10 instead of one.

For more:
- see this story in Light Reading Europe

Related articles:
- Vimpelcom announced the Golden Telecom acquisition just before the holidays

Suggested Articles

Expect a full dose of Kubernetes at next week's VMworld conference in San Francisco, according to VMware CEO Pat Gelsinger.

If there is indeed a global recession in the offing, no one has told the top cloud and colocation providers.

On the same day as its second quarter earnings, VMware announced it's buying Carbon Black and Pivotal for a combined value of $4.8 billion.