There was a bit of surprise M&A in the international interconnection world late last week. The South Korean telecommunications giant KT Corp. has announced the acquisition of Singapore-based Epsilon Telecommunications.
Epsilon has over the past few years oriented much of its business model to its Infiny network-as-a-service platform. The SDN-powered interconnection and services offering has targeted the cloud, IX, and data center connectivity needs of enterprises around the world. Most recently the company has been investing heavily in SD-WAN. Epsilon's footprint reaches into 41 markets worldwide.
By buying Epsilon, KT will boost its own international presence, giving them greater influence beyond the borders of South Korea. But Epsilon's automation and orchestration capabilities will also be turned toward its own domestic infrastructure. However, KT's broader plans for Epsilon's business and assets remain to be seen.
Financial details of the deal were not disclosed.
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