Epsilon snapped up by KT Corp

KT Corp, South Korea’s largest telecommunications company, has acquired Epsilon Telecommunications, a global connectivity provider that enables businesses to connect applications and data around the world and in the cloud.

Through the acquisition, KT gains connectivity to technology hubs in 41 cities, with extensive presence across the Asia-Pacific including Mainland China.

KT will also extend its capabilities through Epsilon’s suite of connectivity solutions spanning cloud connectivity, ethernet (DCI), remote peering, access, SD-WAN, colocation and voice. Together, the two companies will meet the changing demands from carriers, channel partners and enterprises across the globe.

Dr. Hyeonmo Ku, CEO at KT Corp, explained, “Epsilon provides mission-critical networking for global digital transformation and maximising the value of cloud for enterprise customers. It has a tremendous mix of technology, teams and innovation that are directly aligned with KT’s vision for enabling enterprises with digital platforms.

“Both companies share a vision for global digital transformation and the power that digital platforms have to change industries.”

Michel Robert, CEO at Epsilon Telecommunications, added, “The acquisition of Epsilon by KT is a great milestone on our company’s journey and recognition of the hard work of our teams across the globe. The timing is right to support Epsilon with new resources and the backing of a world-leader in telecommunications.

“We look forward to continuing to grow Epsilon and provide innovative solutions and experiences for our new and existing customers across the globe. The acquisition is a logical next step for both businesses and a fantastic opportunity for customers, partners and internal teams.”

Epsilon’s network-as-a-service (NaaS) platform Infiny provides businesses with a suite of high-performance connectivity and communications services. KT said it will benefit from Epsilon’s fully managed connectivity services with automation, orchestration and a comprehensive approach to end-to-end service delivery.

Main image: KT CEO Koo Koo (left), Kuok Group Chairman Ian Kuok (center), and Andrew Jonathan Stone, managing partner, Stone Family (right) signed an Epsilon stock sale agreement (SPA) and took a commemorative photo through a teleconference system. Prior to its acquisition, Epsilon was owned by the Kuok Group and the Stone Family.

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Charlotte Hathway

Charlotte is the editor of Comms Business and writes content to inform and educate the Channel about the latest technology and business developments. Got a story? Get in touch – charlotte.hathway@markallengroup.com.

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