01T Telecom Limited and CXS announce merger
01T Telecom Limited and CXS Connected Enterprise Limited (CXS) are to merge, setting the scene for the launch of their new Global Network Exchange platform.
The two will trade under the 01T brand from the New Year and will begin work to “re-write the rules of international network connectivity”.
The Global Network Exchange (GNX) is scheduled for launch in early 2021, initially bringing 103 countries on-net, with 100 Gbps ports as standard. 01T said its ambition is to become the de-facto international connectivity partner for those who expect more from their connectivity providers.
“As the demand for robust, high capacity global network connectivity continues to skyrocket, and the value of infrastructure and data centre grows, reach and service has never been more important,” said CEO Alex Lower (pictured).
“This merger provides us with the platform to realise our vision of bringing the world on-net and becoming the natural place for businesses to exchange data across international boundaries. I am exceptionally excited to bring the two teams together and re-write the rules of international network connectivity,” Lower continued.
Lower will remain as CEO of the merged organisation and his leadership team will comprise Daniel Deak as COO, Tobias Hooton as CTO, and Kenneth Runcorn as CFO.
Hooton said: “GNX is a purpose-built international connectivity network, leveraging and building upon our existing high capacity carrier infrastructure. GNX will enable our customers and partners to connect to the services, platforms and content they need to, anywhere in the world. We are perfectly positioned to launch this new carrier network, and forge our names on the international connectivity stage.”
The extended 01T has already received private equity investment from TECHNEDs Investments LLP, a UK based investment firm. Its managing partner Simon Mewett and founding partner Iain McKenzie will join 01T as non-executive directors with McKenzie also serving as group chairman.