GTT is expanding its transatlantic bandwidth portfolio with some help from Global Cloud Xchange. They're purchasing 100 Gigabit Ethernet circuits from GCX on FA-1 North and South.
Both networks are working with relatively new brands of course, but the assets themselves have a longer history. GCX was until last Spring known as Reliance Globalcom, and the transatlantic cables they are selling the bandwidth on are those built by Flag. Meanwhile most of GTT's Tier-1 IP network came in a deal with Inteliquent, which bought it as Tinet, which we once knew as Tiscali's international network.
Both networks are fully global, but GTT has no fiber and focuses on the IP/MPLS and Ethernet side of infrastructure, while GCX's primary assets are the actual cables under the ocean it operates. Thus it is a natural pairing of buyer and seller, especially in the Atlantic where GCX's presence at other layers of the network is perhaps less concentrated. In fact, the two are pretty complementary on many levels.
GTT has been moving aggressively to expand its US operations, buying UNSi for $40M in October. In December they announced a sale of more stock, rebuilding their war chest perhaps for something similar in 2015.
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