M/20/039 – Cube Telecom/GTT Communications
Transaction details
The proposed acquisition by Cube Telecom Europe BidCo Limited of the network infrastructure business from companies that form part of the GTT Communication Group, has been cleared by the Competition and Consumer Protection Commission.
| Notification date | Decision date |
|---|---|
| Wednesday December 23, 2020 | Thursday, January 14, 2021 |
| Parties Involved | Business activities |
|---|---|
| Cube Telecom Europe BidCo Limited ("Cube") | Cube is a special purpose vehicle registered in the UK established for the purpose of the Proposed Transaction. Cube's parent company is an independently managed global infrastructure investment manager focusing on the energy , utilities, telecoms, healthcare and transport sectors in North America, Europe and certain other high-growth economies around the world. |
| GTT Communications Group ("Target Business") | The Target Business consist of the network infrastructure of companies which are part of the GTT Communications Group. The Target Business provide cloud networking services with a broad portfolio of global services to multinational enterprises with a geographic focus in the US and Europe. |
| Economic sector | Media merger |
|---|---|
| Telecommunications | No |
| Submissions from third parties due by: | |
|---|---|
| Phase 1 | Phase 2 |
| Thursday, January 7, 2021 | |
| Current status: Completed |
|---|
| Simplified Merger Notification |
| Authorised Officer Assigned | Contact Details |
|---|---|
| Cathal Hanley | direct line: +353 1470 3681 email: cathalhanley@ccpc.ie |
Media enquiries: communications@ccpc.ie
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