GTS, which owns the Hermes Europe Railtel network, is expanding its business to business IP services portfolio by acquiring Netcom, a UK Internet Service Provider (ISP), for $91.5 million.
GTS has traditionally focused on providing voice services to its roster of business and consumer clients, but is expanding into the burgeoning data and IP services arena.
Libby Hess, GTS' director of investor relations, said: "We have redoubled our efforts to move into the ebusiness sector and this acquisition brings IP services onto our network."
The purchase of Netcom, which specialises in business to business ecommerce, will add to the firm's acquisition of UK voice operator, Esprit Telecom, last year.
Netcom will provide it with 3,600 Web hosting customers, 600 dedicated and high speed Internet access clients and 14,000 subscription based dial up business and professional users.
GTS serves business and carrier customers in 20 European countries and claims to have the largest cross border fibre optic network in Europe It has points of presence in 50 European cities and stretches across 17,000 route kilometres.
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