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GTT completes acquisition of Hibernia Networks

First Published 10th January 2017

Acquisition extends network, adds strategic fiber assets. Expands service portfolio and multinational client base.

Rick Calder, GTT

Rick Calder, GTT

McLean, Va. - GTT Communications, the cloud networking provider, has announced the completion of its acquisition of Hibernia Networks, a provider of network connectivity solutions and owner of terrestrial and subsea fiber assets.

Rick Calder, GTT president and CEO said: "The transaction expands GTT's top five global IP network, adds products to our cloud networking portfolio and provides a strong recurring revenue base via established relationships with multinational clients."

The acquisition delivers the following assets:

  • Five subsea cables, including Hibernia Express, the lowest latency transatlantic cable system, and eight cable landing stations
  • New global points of presence, expanding GTT's Tier 1 IP network to over 300 in total
  • Optical and low latency transport, video and CDN services
  • Key relationships with marquee clients, specifically within the financial services, media and entertainment, web-centric and service provider segments

GTT expects to complete the integration of Hibernia Networks within two to three quarters after closing.