Announced
Completed
Financials
Tags
Private
Single Bidder
Majority
Friendly
Acquisition
Singapore
Telecommunications Services: Other
Cross Border
connectivity provider
Completed
Synopsis
KT, South Korea's largest telecommunications company, completed the acquisition of Epsilon Telecommunications, a global connectivity provider. Financial terms were not disclosed. "We are excited to announce the acquisition of Epsilon and welcome the team to the KT family of businesses. Epsilon provides mission-critical networking for global digital transformation and maximising the value of cloud for enterprise customers. It has a tremendous mix of technology, teams and innovation that are directly aligned with KT’s vision for enabling enterprises with digital platforms. Epsilon provides great value with its Infiny platform and global network, which offers customers an agile approach to global networking. Both companies share a vision for global digital transformation and the power that digital platforms have to change industries," Hyeonmo Ku, KT CEO.
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