M&A Deal Summary

GTT Acquires Telnes Broadband

On February 8, 2016, GTT acquired communications company Telnes Broadband for 18M USD

Acquisition Highlights
  • This is GTT’s 4th transaction in the Communications sector.
  • This is GTT’s 12th largest (disclosed) transaction.
  • This is GTT’s 5th transaction in the United States.
  • This is GTT’s 1st transaction in Washington.

M&A Deal Summary
Date 2016-02-08
Target Telnes Broadband
Sector Communications
Buyer(s) GTT
Deal Type Add-on Acquisition
Deal Value 18M USD
Advisor(s) Q Advisors LLC (Financial)

Target

Telnes Broadband

Everett, Washington, United States
Telnes Broadband is a privately held internet & managed network services provider.

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Buyer(S) 1

Buyer

GTT

McLean, Virginia, United States
Category Company
Founded 2005
Sector Communications
Employees3,100
Revenue 1.7B USD (2019)
DESCRIPTION

GTT is a global telecommunications carrier and network integrator serving the data communications needs of large enterprise, government and carrier clients. GTT was founded in 2005 and is based in McLean, Virginia.

DEAL STATS #
Overall 5 of 14
Sector (Communications) 4 of 12
Type (Add-on Acquisition) 3 of 11
State (Washington) 1 of 1
Country (United States) 5 of 10
Year (2016) 1 of 2
Size (of disclosed) 12 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-22 One Source Networks

San Antonio, Texas, United States

One Source Networks, Inc. is a provider of global data, Internet, Session Initiation Protocol (SIP) trunking and managed communication services to Fortune 1000 companies.

Buy $175M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-09 Hibernia Networks

Summit, New Jersey, United States

Hibernia Networks LLC is an operator of a global network connecting North America, Europe and Asia. Hibernia offers over 170 network Points of Presence (PoPs) on over 24,000 kilometers of fiber.

Buy $590M
Mergr

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