KT acquires global data company Epsilon Telcom giant aims to enter global data market
Translated by Kim So-in 공개 2021-09-13 07:57:28
이 기사는 2021년 09월 13일 07:54 더벨 유료페이지에 표출된 기사입니다.South Korean telecom giant KT has acquired Epsilon Global Communications, a global data company owned by Malaysia's Kuok Group, taking a first step to enter the global data market. It plans to continue to look for possible acquisition of global telecommunication and data companies.
KT has acquired 100% of Epsilon with Daishin Private Equity for 170 billion won ($145 million) on Wednesday, according to sources on Thursday.
Founded in London in 2003, Epsilon is a cloud-centric global connectivity and communications service provider, connecting to 260 points of presence (PoP) in 41 cities in 20 countries worldwide. Epsilon has business bases in Singapore, England, U.S., Bulgaria, and Hong Kong.
The latest acquisition is part of KT’s plan to enhance its new B2B business. The telco giant has been focusing on digital transformation services targeting corporate customers by launching its own B2B brand, KT Enterprise. It has expanded its services to IT platform solutions from building wired and wireless networks.
KT CEO Koo Hyun-mo aims to expand the company's presence in the global data market through the first acquisition ever since he took office in March 2020. After taking office, Koo has emphasized the development of new businesses, with subsidiaries functioning as main pillars.
Strong synergies are expected from the outbound deal that has rarely been carried out by KT. The South Korean company has mainly focused on domestic deals for a long time. It has acquired a variety of companies, including Nasmedia, KT Rental, BC Card, Hyundai HCN, but there has been no major overseas investments.
KT’s newly established future value promotion office, which reports directly to Koo, has led the latest acquisition. Koo created the future value task force last year and promoted the task force in just one year. KT’s management and planning division also delegated its authority to carry mergers and acquisitions (M&As) to the future value promotion office, led by KT executive vice president Kim Hyung-wook.
Starting with the Epsilon acquisition, KT plans to make follow-on outbound M&As. It plans to increase the value of Epsilon through bolt-on acquisitions by taking over companies that are part of the global communication and data value chain, including IT platform solution, data solution, and submarine cable companies. (Reporting by Pil-woo Choi)
< 저작권자 ⓒ 자본시장 미디어 'thebell', 무단 전재 및 재배포 금지 >
최신뉴스 in 전체기사
- 김교현 롯데케미칼 부회장 "일진머티리얼즈, 좋은 회사"
- 우리금융 회장 DLF 행정소송 2심 선고 '22일'로 연기
- TS인베, 4개 본부 체제 조직개편…세대교체 신호탄
- 국보·보그인터내셔날 "카타나골프와 골프 기어 MOU"
- [케이뱅크 IPO]카카오만으로 역부족, 피어그룹 외국계 2곳 포함
- [IPO 모니터]대성하이텍, 탄탄한 해외사업 불구 '확실한' 가격 메리트
- 이차전지 산파 CIS, 사업확대 발판은 '해외수주력'
- 삼성전자, 중요성 평가 'SCM' 키워드 첫 등장
- 리서치 조직 꾸리는 코인 거래소…콘텐츠 경쟁 시작되나
- LG마그나, 해외법인 잇딴 투자…믿는 구석은
Translated by Kim So-in 의 다른 기사 보기
- McDonald’s Korea up for sale with focus on its real estate
- Consus Asset Management likely to acquire Jack Nicklaus GC
- MBK Partners seeks to acquire Kakao Mobility
- Hanwha Energy USA to issue $300 mil green bond
- Wemade seeks to register as VASP
- BGF Retail to bolster its presence in Mongolia
- Eyes on SKC's Suwon plant
- Samsung SDI, Stellantis to form battery joint venture in US
- Korea Investors Service upgrades outlook on Kia to positive
- Investment bankers move to unicorn startups
더벨 서비스 문의
02-724-4102유료 서비스 안내