GTT has continued its European shopping spree with its €50m cash acquisition of Dutch rival KPN International.
The $1.49bn US telecoms and cloud networking giant claims the deal adds more than 400 strategic enterprise and carrier clients to its European business.
GTT is a Tier 1 IP network in Europe, operating across 21 countries, globally.
In a statement, the company added that its latest addition to the group, Rotterdam-based KPN, "complements GTT's comprehensive portfolio of cloud networking services with wide area networking, internet and transport services."
Networking service provider KPN International is a division of KPN N.V., which operates a global IP network serving enterprise and carrier clients.
The group has logged declining revenues of €5.63bn in 2018, down from €7.3bn in 2014.
The business has also undergone several divestments in recent years.
Its former subsidiaries in the US, Germany, Belgium, France, and Spain have been sold off
Now the sale of its Dutch division is expected to close in the third quarter.
The buy follows GTT's $2.3bn cash acquisition of Interoute, the operator of one of Europe's largest private fiber networks, which was closed in June.
Some say performance, others say money but it may be systems and processes that carry the day
The Nordics largest VAR has won a major public sector contract in its core market
Reseller expects 2019 financials will come 'well ahead' of expectations
CPI contributor Frank Ohlhorst explains how SD-WAN and Kubernetes can work together