Thanks for visiting Fibre Systems.

You're trying to access an editorial feature that is only available to logged in, registered users of Fibre Systems. Registering is completely free, so why not sign up with us?

By registering, as well as being able to browse all content on the site without further interruption, you'll also have the option to receive our magazine (multiple times a year) and our email newsletters.

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).

 

Related news

Recent News

06 December 2019

American fibre infrastructure provider, FiberLight has completed a deployment of dark fibre in Roswell, Georgia.

03 December 2019

Lumentum has entered into an agreement with passive optical component supplier, Advanced Fiber Resources (AFR) where the latter will acquire certain assets from the former.

03 December 2019

Fibre Systems is looking for manufacturers/vendors, planners, installers, integrators, operators and academics to help shape the topics we cover.

03 December 2019

SSE Enterprise Telecoms has been selected by education specialist provider, Jisc to help launch the ‘Jisc Midlands’ network.