Colt completes acquisition of Lumen Technologies EMEA for $1.8 billion

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Colt completes acquisition of Lumen Technologies EMEA for $1.8 billion

Colt is therefore raking in Lumen’s activities in Europe, the Middle East and Africa. This is enough to support its customers in the technological evolutions of the sector, whether it is network as a service, Zero Trust security, or hybrid cloud computing.

With this integration, Colt claims 1,300 new employees in 16 countries, 1,630,031 new kilometers of optical fiber connecting 125 European cities in 34 EMEA countries, 11,000 new kilometers of metro network in 23 countries and in particular in the United Arab Emirates, 11 cable landing stations in six countries and 10 submarine cable systems – six transatlantic and four in Europe.

Colt is thus expanding the scope of its services via PoP (points of presence) in Dubai, Estonia, Greece, Iceland, Israel, Kenya, Serbia, Slovenia, South Africa and Turkey.

Colt now has an additional 2,700 customers

Thanks to this acquisition, Colt now also has an additional 2,700 customers.

The Colt Technology Services network.

This acquisition also comes in a growing market. 44% of American executives plan to expand their digital infrastructure to Europe, according to the operator, 29% to the Middle East and almost one in four (24%) to Africa.

“The conclusion of this acquisition allows us to take a decisive step in our growth journey,” explains Keri Gilder, CEO of Colt Technology Services. “It brings us new talents, expands our technology portfolio and our ecosystem of partners. It is significantly expanding our digital infrastructure as we enter new markets in Eastern Europe, the United Arab Emirates and parts of Africa. »

The Colt network connects 222 cities and 32 countries with more than 1000 data centers

The Colt network connects 222 cities and 32 countries with more than 1,000 data centers, 51 metropolitan networks and more than 31,000 buildings in Europe, Asia and North America.

In July 2021, Lumen announced the sale of its Latin American operations to an investment fund for $2.7 billion. In August 2021, Lumen announced the sale of some of its activities in the United States for $7.5 billion to an investment fund.

Since 2020, Lumen Technologies has been the new name of the American company CenturyLink. CenturyLink had acquired Level 3 in 2016 for $34 billion, thus merging two giants of telecommunications, networks and data centers in the business field.

Lumen generated more than $20 billion in revenue in 2020.

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