Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Thursday, 2 November 2023, 16:45 HKT/SGT
Share:
    

Source: Colt
Colt completes $1.8bn acquisition of Lumen EMEA

LONDON, Nov 2, 2023 - (ACN Newswire) - Colt Technology Services (Colt), the digital infrastructure company, today announced it has completed the acquisition of Lumen EMEA for $1.8bn. The closure of the transaction is the final stage in Colt’s exclusive agreement with Lumen Technologies, Inc. to purchase Lumen’s Europe, Middle East and Africa (EMEA) business.  

The transaction marks a pivotal point for Colt and brings renewed optimism to the European telecoms industry, providing greater choice and expansive global capabilities to enterprises investing in powerful, sustainable digital infrastructure as the driving force behind their organisations. It elevates Colt to one of the world’s largest business-to-business-only telecoms companies and an influential global player. Keri Gilder will remain as Colt’s CEO, supported by a skilled, diverse executive leadership team.

As part of the acquisition, Colt and Lumen Technologies, Inc. will enter into a partnership agreement which sees businesses in North America benefit from access to Colt’s award-winning digital infrastructure and services within and outside of North America.

Keri Gilder, CEO, Colt Technology Services said, “Closing this acquisition brings us to a momentous point in our growth journey and marks our deep commitment to our customers, helping them scale and grow. It brings us amazing new talent; extends our technology portfolio and our partner ecosystem; and significantly expands our digital infrastructure as we enter new markets across Eastern Europe, the UAE and parts of Africa.”

She continues, “Our industry is on the cusp of groundbreaking transformation; it must deliver a digital roadmap for a hyperconnected global society in a responsible, fair and equitable way. As a pioneer for sustainable networks, the acquisition makes Colt one of the most powerful voices in the industry. It gives us the opportunity to lead the industry in driving purposeful, meaningful change to protect our people and our planet.”

“Colt has always been relentless about delivering brilliant experiences to business customers," said Camille Mendler of Omdia. "That mission has now gained wider global scale at a critical time. Enterprises worldwide need steadfast partners to navigate profound changes in digital consumption including network-as-a-service, zero-trust security and hybrid cloud computing."

Customers will benefit from Colt’s existing suite of award-winning technologies featuring On Demand and SD WAN alongside an extended portfolio of new services including new security technologies; market-leading SASE products; managed hosting and professional services, as well as:

- 1,300 new customer-focused employees across 16 countries

- 1,630,031 kilometres of fibre connecting 125 European cities in 34 EMEA countries

- 11,000 kilometres of metropolitan network in 23 countries and the UAE

- 12 cable landing stations in six countries

- 10 subsea cable systems – six transatlantic and four within Europe

The acquisition – which brings Colt 2,700 customers including blue chip corporations, leading enterprises and public sector customers - sees Colt expand the reach of its services via PoPs (Points of Presence) in Dubai, Estonia, Greece, Iceland, Israel, Kenya, Serbia, Slovenia, South Africa and Turkey.

The acquisition closes as Colt’s latest brand research highlights businesses’ plans to extend their digital infrastructure outside their existing markets. Questioning 1,100 senior IT decision makers across APAC, Europe and the US, Colt found 44% planned to extend their digital infrastructure to Europe and 40% to APAC. More than one in three (35%) plan to extend it to the Americas; 29% to the Middle East; and almost one in four (24%) plan to expand their network to Africa.

Keri stated, “Technology companies that will thrive in the future will be those with scale, adaptability and a strong sense of purpose. We’ve worked hard to build these capabilities. By staying true to our culture and commitments and building our business around our customers’ success, we’re ready to write the next chapter in our story.”

About Colt Technology Services

Colt Technology Services (Colt) is a global digital infrastructure company which creates extraordinary connections to help businesses succeed. Powered by amazing people and like-minded partners, Colt is driven by its purpose: to put the power of the digital universe in the hands of its customers, wherever, whenever and however they choose.

Since 1992, Colt has set itself apart through its deep commitment to its customers, growing from its heritage in the City of London to a global business spanning 38 countries, with over 6,000 employees and more than 80 offices around the world. Colt’s customers benefit from expansive digital infrastructure connecting 32,000 buildings across 230 cities, more than 50 Metropolitan Area Networks and 230 Points of Presence across Europe, Asia, the Middle East, Africa and North America’s largest business hubs.

Privately owned, Colt is one of the most financially sound companies in the sector. Obsessed with delivering industry-leading customer experience, Colt is guided by its dedication to customer innovation, by its values and its responsibility to its customers, partners, people and the planet. For more information, please visit www.colt.net

Press Contact:
Anne Amlot – Head of PR
+447899 950730
Anne.Amlot@colt.net




Topic: Press release summary
Source: Colt

Sectors: Telecoms, 5G, Cloud & Enterprise
http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.



Colt
July 5, 2023 11:00 HKT/SGT
Colt launches breakthrough multicast data in the cloud for Capital Markets
Apr 21, 2022 11:00 HKT/SGT
Colt Technology Services delivers higher bandwidth for AWS Direct Connect Hosted services
Aug 31, 2021 10:00 HKT/SGT
Colt adds seven Mainland China Exchanges to its Market Data Services Portfolio
Aug 24, 2020 12:00 HKT/SGT
Colt launches Internet Access On Demand in Singapore
Mar 19, 2020 15:00 HKT/SGT
Colt appoints Masato Hoshino as new Head of Asia and Representative Director & President of Japan
Feb 28, 2020 15:00 HKT/SGT
Colt positioned as a Visionary in Gartner's 2020 "Magic Quadrant for Network Services, Global"
Dec 10, 2019 10:00 HKT/SGT
Colt connects to Alibaba Cloud in Asia, supporting businesses in their cloud based digital transformation strategies
Sept 26, 2019 13:00 HKT/SGT
Colt launches new online hub for Asia
Jan 31, 2019 13:00 HKT/SGT
Colt extends optical portfolio in Asia, launching its Private Wave offering locally
Aug 30, 2018 15:00 HKT/SGT
Colt brings On Demand Services to Singapore, SD WAN to Asia Pacific
More news >>
 News Alerts
Copyright © 2024 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 214 890 4418 | China: +86 181 2376 3721 | Hong Kong: +852 8192 4922 | Singapore: +65 6549 7068 | Tokyo: +81 3 6859 8575

Connect With us: