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GTT To Expand Its Network In Europe With Acquisition Of KPN International

GTT Communications, Inc. (GTT) announced the acquisition of KPN International which operates a global IP network serving enterprise and carrier clients. KPN International is a unit of KPN. The acquisition price was approximately 50 million euros. GTT expects the deal to enhance its market presence in the European region.

GTT said the combination with KPN International will complement the company's Tier 1 global IP network in Europe across 21 countries. The acquisition also adds more than 400 strategic enterprise and carrier clients.

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