Colt Technology Services (Colt), the digital infrastructure company, announced it has completed the acquisition of Lumen EMEA for $1.8bn.
The closure of the transaction is the final stage in Colt’s exclusive agreement with Lumen Technologies, Inc. to purchase Lumen’s Europe, Middle East and Africa (EMEA) business.
The transaction marks a pivotal point for Colt and brings renewed optimism to the European telecoms industry, providing greater choice and expansive global capabilities to enterprises investing in powerful, sustainable digital infrastructure as the driving force behind their organisations. It elevates Colt to one of the world’s largest business-to-business-only telecoms companies and an influential global player. Keri Gilder will remain as Colt’s CEO, supported by a skilled, diverse executive leadership team.
Colt has always been relentless about delivering brilliant experiences to business customers," said Camille Mendler of Omdia.
Customers will benefit from Colt’s existing suite of award-winning technologies featuring On Demand and SD WAN alongside an extended portfolio of new services including new security technologies; market-leading SASE products; managed hosting and professional services, as well as:
which brings Colt 2,700 customers including blue chip corporations, leading enterprises and public sector customers - sees Colt expand the reach of its services via PoPs (Points of Presence) in Dubai, Estonia, Greece, Iceland, Israel, Kenya, Serbia, Slovenia, South Africa and Turkey.
The acquisition closes as Colt’s latest brand research highlights businesses’ plans to extend their digital infrastructure outside their existing markets. Questioning 1,100 senior IT decision makers across APAC, Europe and the US, Colt found 44% planned to extend their digital infrastructure to Europe and 40% to APAC. More than one in three (35%) plan to extend it to the Americas; 29% to the Middle East; and almost one in four (24%) plan to expand their network to Africa.
Keri Gilder, CEO, Colt Technology Services
Closing this acquisition brings us to a momentous point in our growth journey and marks our deep commitment to our customers, helping them scale and grow. It brings us amazing new talent; extends our technology portfolio and our partner ecosystem; and significantly expands our digital infrastructure as we enter new markets across Eastern Europe, the UAE and parts of Africa.
