Global Capacity to acquire MegaPath’s wholesale unit
09 September 2014 |
Global Capacity has entered an agreement to acquire the Network Services business unit of US service solutions provider MegaPath.
The deal will see Global Capacity takeover the company’s wholesale business and related national co-location aggregation network, gaining 400 new wholesale customers.
MegaPath will maintain control of its voice, MPLS and security network, and will use the additional financial resources to grow its managed services and cloud businesses.
“As a leader in connectivity-as-a-service solutions, Global Capacity is excited to serve this new large customer base,” said Jack Lodge, president of Global Capacity.
“This agreement provides MegaPath customers with a dedicated vendor solely focussed on ensuring they have the best access network performance available and ensures that they are on the cutting edge of network connectivity innovation."
Financial details of the deal were not disclosed, but the transaction is expected to close by the end of December following regulatory approval.