M&A Deal Summary

Colt Technology Services Group Acquires Lumen - EMEA Business

On November 2, 2022, Colt Technology Services Group acquired communications company Lumen - EMEA Business from Lumen for 1.8B USD

Acquisition Highlights
  • This is Colt Technology Services Group’s 1st transaction in the Communications sector.
  • This is Colt Technology Services Group’s largest (disclosed) transaction.
  • This is Colt Technology Services Group’s 2nd transaction in the United Kingdom.

M&A Deal Summary

Date 2022-11-02
Target Lumen - EMEA Business
Sector Communications
Buyer(s) Colt Technology Services Group
Sellers(s) Lumen
Deal Type Divestiture
Deal Value 1.8B USD

Target

Lumen - EMEA Business

London, United Kingdom
Lumen's EMEA Business consisting terrestrial and subsea networks, data-centers and network equipment. Lumen's EMEA Business is based in London, United Kingdom.

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Buyer(S) 1

Buyer

Colt Technology Services Group

London, Latvia

Category Company
Founded 1992
Sector Communications
Revenue 1.5B GBP (2014)
DESCRIPTION

Colt Technology Services Group Ltd. provides high bandwidth services for enterprises and wholesale customers in Europe, Asia, and North America’s largest business hubs. The company enables the digital transformation of businesses through its intelligent, purpose-built, cloud-integrated network, known as the Colt IQ Network. Colt Technology Services was formed in 1992 and is based in London.


DEAL STATS #
Overall 3 of 3
Sector (Communications) 1 of 1
Type (Divestiture) 1 of 1
Country (United Kingdom) 2 of 2
Year (2022) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-13 Colt - Cloud Business

United States

Colt - Cloud Business is a provider of cloud technologies and support services across 10 countries (the UK, France, Germany, Spain, the Netherlands, Belgium, Italy, India, Romania and Switzerland). Colt Managed cloud employs staff working across operations, transition and engagement, presales, service management and support functions and has around 600 customers across multiple verticals including financial services, media and government, which will benefit from a long term, secure and seamless provision of services.

Sell -

Seller(S) 1

SELLER

Lumen

Monroe, Louisiana, United States

Category Company
Founded 1968
Sector Communications
Employees27,000
Revenue 14.6B USD (2023)
DESCRIPTION
CenturyLink office location in downtown St. Paul, Minnesota.
CenturyLink office location in downtown St. Paul, Minnesota.

Lumen is an integrated communications company engaged in providing an array of communications services to residential, business, governmental and wholesale customers. CenturyLink's communications services include local and long-distance, network access, private line (including special access), public access, broadband, data, managed hosting (including cloud hosting), colocation, wireless and video services. In certain local and regional markets, the Company also provides local access and fiber transport services to competitive local exchange carriers (CLECs) and security monitoring. Lumen was established in 1968 and is based in Monroe, Louisiana.


DEAL STATS #
Overall 4 of 5
Sector (Communications) 3 of 4
Type (Divestiture) 4 of 5
Country (United Kingdom) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-03 Lumen Technologies-ILEC Business

Monroe, Louisiana, United States

Lumens' ILEC (incumbent local exchange carrier) business, includes its consumer, small business, wholesale and mostly copper-served enterprise customers and assets. Lumen Technologies-ILEC Business is based in Monroe, Louisiana.

Sell $7.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-10 Lumen - Select Content Delivery Customer Contracts

Monroe, Louisiana, United States

Lumen's Select Content Delivery Customer Contracts provides an array of communications services.

Sell -