Colt takes over Lumen’s European networks

Colt Technology Services, headquartered in London, completed its acquisition of Lumen Technologies’ European, Middle Eastern, and African (EMEA) business. Colt paid US$1.8 billion cash for the assets, which included Lumen’s entire terrestrial and subsea networks, data center and network services in the region. The deal also includes Lumen’s trans-Atlantic subsea networks, the regional employees and customers contracts.

Regarding the Internet backbone (Autonomous System 3356), this IP infrastructure will be owned regionally by a respective Colt or Lumen affiliate, but it will be co-managed by multiple entities. Rather than split the AS3356 along the physical asset ownership boundaries, Lumen and Colt are building a long-term commercial relationship to maintain and operate this IP network globally.

"We're excited about what this transaction does for our customers and for Lumen," said Kate Johnson, Lumen CEO. "Our focus on building deep relationships with strategic partners allows us to simplify our business while delivering a seamless networking experience for our multinational customers. Through our strong relationship with Colt, both companies are well positioned for future growth."    

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