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GTS Central Europe completes acquisition of Romanian operator, Datek
TT Correspondent |  New Delhi |  10 Jun 2010

GTS Central Europe (GTS) completed the acquisition of Romania-based operator, Datek. The two companies had signed a contract towards the acquisition in December last year.

Post acquisition, the combined revenue of GTS is estimated to reach over €25 million. The acquisition will also help GTS expand its footprint in the CEE region.

“GTS has played and will continue to play a leading role in the consolidation of alternative, infrastructure-based telecommunications operators in the CEE. For us, the Datek acquisition is another step to solidify our position in the region, which translates into increased efficiency and improved service to our customers,” said Adam Sawicki, Group CEO at GTS.  “Datek brings to GTS significant network and operations benefits, including over 400 route kilometres of fibre and professional expertise in systems integration.  Datek’s profile makes it a perfect fit with our long-term strategy to focus on the corporate, wholesale and public sectors.”

Datek not only offers telecommunications services but also data transfer, infrastructure development, systems integration and serves as the main regional partner for numerous global carriers and international financial institutions. 

“The acquisition benefits GTS  and Datek customers, both of whom soon will be able to take advantage of an expanded, unified service portfolio,” said Leonard Lichi, CEO at Datek.  “Meanwhile, Datek services to existing customers will be uninterrupted, and all existing agreements and contracts will remain valid.”

    
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10 Jun 2010(IST)  
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