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.

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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

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