GTT Completes Buy of Hibernia Following FCC Conditional Approval

GTT Communications completed its acquisition of Hibernia Networks, the companies said in news releases Monday (here and here). The acquisition gives GTT control of Hibernia's five undersea cables, eight cable landing stations, global points of presence, optical and low-latency transport, video and content delivery network services, and "key relationships with marquee clients" in the "financial services, media and entertainment, and web-centric and service provider segments," GTT said. The announcements came after the FCC Wireline Bureau recently cleared GTT to take control of Hibernia's communications licenses, subject to certain assurances sought by the Department of Homeland Security and other executive branch departments regarding the latter's Atlantic cable system and Project Express system (see 1701090042). A GTT spokeswoman said the FCC also approved the transfer of Hibernia's international services through action in the International Bureau's filing system. "That approval should be referenced next public notice, which is released by the International Bureau every two weeks," she emailed Tuesday. GTT calls itself "the leading global cloud networking provider to multinational clients" while Hibernia says it's "a leading provider" of global telecom services.