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Colt seals $1.8bn deal for Lumen's EMEA unit

Colt Technology Services’ acquisition of Lumen's EMEA business for $1.8bn has brought 2,700 new customers, including blue chip corporations, enterprises and public entities, into its fold. 

The deal also expands Colt's services with new security and SASE products, hosting, and professional services, and extends its global presence with new Points of Presence (PoP) in ten additional countries.

Additionally, it paves the way for a partnership that will offer North American businesses access to Colt's digital infrastructure and services worldwide.

Keri Gilder, CEO, Colt Technology Services said: “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.”