Global Telecom & Technology Inc. (OTC BB: GTLT), one of the original Virtual Network Operators (VNO), is bolstering its global network footprint by acquiring privately-held nLayer Communications.
While neither company revealed the dollar amount of the deal, the key asset that McLean, Va.-based GTT gains here is nLayer's IP/MPLS network, which reaches into 24 major metro domestic and international markets, including in North America, Europe and Asia.
When combined, the new company will be able to provide a wider range of products and services, including cloud, Ethernet and IP Transit.
Rick Calder, president and chief executive officer of Global Telecom & Technology, said the company's purchase of nLayer "accelerates our established growth curve towards becoming a more asset-based network solution provider, capable of delivering complex, integrated network solutions."
To ensure network and service quality, nLayer's current CTO and founder, Richard Steenbergen, will become the CTO of GTT overseeing necessary network integration work.
GTT has been aggressive on the acquisition front, having bought three service providers in the past three years to expand its network and service footprint.
In 2011, it acquired London-based PacketExchange, instantly gaining 500 wholesale carrier and enterprise customers with 65 points of presence in Europe, Asia and North America. Earlier, its acquisition of WBS Connect not only expanded its IP and Ethernet portfolios, but it also gained 60 points of presence in major North American, Asian and European metro centers.
For more:
- see the release
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