Cloud Vendor GTT Buys Hibernia Networks for $590M

Hibernia's low-latency undersea cable between the UK and North America will soon be under GTT's ownership.


The acquisition, including Hibernia's low-latency transatlantic undersea cable, gives GTT five subsea cables and eight cable landing stations, and grows GTT's client base among financial services, media and entertainment industries. The deal is expected to close in the first quarter of 2017.

"GTT gains world-class global fiber assets, including ultra-low latency routes between key financial markets, as well as optical, low-latency and content services, and exceptional employees with a proven tr

To continue reading...

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: