Just a few weeks shy of a year after taking out PacketExchange, Global Telecom & Technology (OTCBB:GTLT, news) has made its second acquisition of a tier-2 network operator. The operator has now bought Chicago-based nLayer Communications, according to an announcement this morning. Financial terms were not disclosed.
GTT seems to have made up its mind to go all-in in the IP transit and Ethernet space as part of its overall managed data service offerings. The nLayer assets will boost the company's coverage and scale, both in the US and transatlantic. There is substantial overlap between the two, and the deal probably also removes a frequent competitor from the field. Here's the two maps side by side.
I have not really covered GTT too much up until now, but if they're going to keep buying network operators that's going to have to change!Internet Backbones · Mergers and Acquisitions