M&A Deal Summary

GT3 Holdings Acquires General Telecom

On October 30, 2006, GT3 Holdings acquired information technology company General Telecom from New Global Telecom

Acquisition Highlights
  • This is GT3 Holdings’ 1st transaction in the Information Technology sector.
  • This is GT3 Holdings’ 1st transaction in the United States.
  • This is GT3 Holdings’ 1st transaction in New York.
Investment Fate
  • General Telecom was divested to a consortium of strategic buyers in 2008.

M&A Deal Summary

Date 2006-10-30
Target General Telecom
Sector Information Technology
Buyer(s) GT3 Holdings
Sellers(s) New Global Telecom
Deal Type Divestiture

Target

General Telecom

New York, New York, United States
General Telecom is a provider of outsourced network management services for global carriers. General Telecom delivers a comprehensive suite of TDM and IP switching services including IP-switch partitioning called IPartition, and IP-leasing services called IPower. TDM-to-IP switching services called VoIP Direct are also available, including protocol conversions for seamless carrier-interoperability.

Search 214,107 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

GT3 Holdings

United States

Category Company
Sector Communications
DESCRIPTION

GT3 will own and operate the General Telecom suite of telecom switch partitioning services.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2006 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-08 General Telecom

New York, New York, United States

General Telecom is a provider of outsourced network management services for global carriers. General Telecom delivers a comprehensive suite of TDM and IP switching services including IP-switch partitioning called IPartition, and IP-leasing services called IPower. TDM-to-IP switching services called VoIP Direct are also available, including protocol conversions for seamless carrier-interoperability.

Sell -

Seller(S) 1

SELLER

New Global Telecom

Lakewood, Colorado, United States

Category Company
Founded 1996
Sector Communications
DESCRIPTION

New Global Telecom, Inc. (NGT) a provider of wholesale hosted and trunk-based VoIP solutions in the United States. At its core, NGT is a widely-recognized, experienced provider of predictable, business-class VoIP solutions.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2006 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-08-01 Single Billing Services

United States

Buy -