GTT creates ‘disruptive competitor’ in Canada with Accelerated Connections acquisition

Share this on social media:

GTT Communications has continued on the acquisition trail with the purchase of Accelerated Connections (ACI), a Toronto-headquartered provider of managed networking, voice over IP (VoIP) and colocation services, serving large distributed Canadian enterprises.

The acquisition creates one of the largest non-incumbent network footprints in the Canadian markets, extending GTT’s market presence and unique network assets in Canada. It also contributes complementary connectivity, VoIP and managed service offerings to GTT’s cloud networking service portfolio, adding strategic clients in key vertical markets, such as hospitality, retail and financial services.

Rick Calder, GTT president and CEO commented: ‘This acquisition demonstrates our commitment to invest in assets and capabilities that enable us to deliver on our purpose of connecting people across organisations and around the world.’

CEO of ACI, Michael Garbe added: ‘The combination of ACI and GTT creates a disruptive competitor in the Canadian market. Customers will benefit from access to GTT’s Tier 1 IP network, comprehensive service portfolio, global reach and deep experience in connectivity and managed services. We expect a rapid and smooth integration over the coming months.’

GTT will disclose financial terms of its acquisition of ACI with its first quarter 2018 results, consistent with its practice for smaller acquisitions. The company recently also made gains in Europe with its acquisition of Interoute (see GTT gains 72,000km European fibre network in €1.9 billion Interoute acquisition).

 

Recent News

30 June 2022

The city of Amarillo has agreed a $24m project with AT&T to build a new fibre network to more than 22,000 customer locations throughout the city.

23 June 2022

Hoosier Net, a consortium of internet service providers has received investment from Accord Telecommunications Collaborative, a group of 21 Rural Electric Membership Cooperatives (REMCs) and telephone cooperatives.

22 June 2022

Polish operator, Play has signed a joint venture agreement with private equity firm, InfraVia Capital Partners to provide access to high-speed fibre connectivity to 6 million homes in Poland.

20 June 2022

US operator, Netly Fibre has completed construction of an open-access terabit-ready fibre network in Solana Beach, California.