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  6. KPNQwest NV Acquires Global TeleSystems

M&A Deal Summary

KPNQwest NV Acquires Global TeleSystems

On May 31, 2002, KPNQwest NV acquired internet software and services company Global TeleSystems

Acquisition Highlights
  • This is KPNQwest NV’s 1st transaction in the Internet Software and Services sector.
  • This is KPNQwest NV’s 1st transaction in the United States.
  • This is KPNQwest NV’s 1st transaction in Virginia.

M&A Deal Summary
Date 2002-05-31
Target Global TeleSystems
Sector Internet Software and Services
Buyer(s) KPNQwest NV
Deal Type Add-on Acquisition

Target

Global TeleSystems

Arlington, Virginia, United States
Global TeleSystems, Inc. is a provider of data, Internet, and broadband services across Europe, serving businesses and carriers in European countries.

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Buyer(S) 1

Buyer

KPNQwest NV

The Hague, Netherlands
Category Company
Founded 1998
Sector Internet Software and Services
DESCRIPTION

KPNQwest NV is a provider of fiber optic data communication and hosting services.

DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Virginia M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2002 M&A 1 of 1
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