“Given the demand for geospatial intelligence around the world, BlackSky is rapidly growing its reseller network to provide more customers with access to first-to-know insights,” said Brian E.
Through the agreement, Gtt NetCorp gains access to resell BlackSky’s imagery and analytics to customers in Mexico and Central America.
will join BlackSky’s Global Reseller Program. (“BlackSky”), a leading technology platform providing real-time geospatial intelligence and global monitoring, today announced that Gtt NetCorp, Inc. Tier 1s "want to become media companies," he said.įor related articles, visit the Business Topic Center.įor more information on high-speed transmission systems and suppliers, visit the Lightwave Buyer's Guide.HERNDON, Va. – J– BlackSky Holdings, Inc. He contrasted the transaction, which should benefit the company's focus on cloud services provision, with what he sees as defensive moves such as the proposed AT&T purchase of Time Warner as well as Verizon's purchase of AOL and proposed purchase of Yahoo!, in which the U.S. The combination of two growing companies should result in even further growth, Calder said. In yesterday's interview, Calder said the expected synergies will about pay for the transaction.
Gtt buys inetwork pro#
In a press release announcing the proposed transaction, Calder states that he expects to complete integration of the new assets within two to three quarters after the deal closes and to achieve a post-synergy multiple of seven times adjusted EBITDA or better on a pro forma basis. He also did not rule out other opportunistic purchases. "Our goal is not to buy fiber assets everywhere." However, he said that the acquisition would bring "tradable assets" that GTT could leverage. "It's not critical," he said of owning more of the infrastructure GTT currently uses. Bjarni Thorvardarson is Hibernia Networks' CEO, and Calder said he both likes and respects him.Ĭalder said the pending acquisition does not signal a desire to start buying infrastructure globally. He expects at least some of Hibernia's management team to join GTT, although he declined to cite specific examples. When Hibernia Networks financial advisors Bank Street Group LLC approached him about the possibility of the deal, Calder listened – and liked what he heard.Ĭalder said Hibernia's operations complement GTT's, both in terms of expanding his service mix as well as operating networks where GTT has customers or would like to have them. However, Calder said his company has traditionally been opportunistic when it comes to acquisitions (GTT has purchased several network services suppliers). GTT President and CEO Rick Calder said in an interview yesterday that his company wasn't actively shopping for fiber-optic infrastructure the company had been satisfied with its current practice of leasing lit services to support its worldwide operations and was a Hibernia customer. The latter is a content distribution network (CDN) offering that would add a new service market for GTT. It also owns complementary terrestrial networks to provide optical transport, Ethernet, and carrier-grade IP transit services, including dedicated cloud connectivity, low-latency services, DTM, and HiberniaCDN. Hibernia networks operates multiple transatlantic submarine networks, including Hibernia Express (see "Hibernia Express transatlantic submarine cable network ready for service"), and eight cable landing stations. The companies expect the deal to close by the end of first quarter 2017. GTT will pay $590 million to add submarine cable and terrestrial network infrastructure to its portfolio via a combination of $515 million in cash and approximately 3.3 million shares of GTT common stock worth $75 million. (NYSE:GTT) says it has agreed to acquire fiber-optic network services provider Hibernia Networks. Global cloud networking services supplier GTT Communications, Inc.
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