S. Korea's KT Corp. Acquires Epsilon Telecommunications to Expand Global Presence and Accelerate Digital Transformation

Wednesday 15 September 2021 09:47
Epsilon extends KT's international capabilities and provides new levels of automation and orchestration in global networking.
S. Korea's KT Corp. Acquires Epsilon Telecommunications to Expand Global Presence and Accelerate Digital Transformation

KT Corp. (KRX: 030200; NYSE: KT), South Korea's largest telecommunications company, has acquired Singapore-headquartered Epsilon Telecommunications, a global connectivity provider that simplifies how businesses connect applications and data around the world and in the cloud. The acquisition matches Epsilon's agile innovation in international networking with KT's world-class telecommunications services, customers, leadership, and resources.

"We are excited to announce the acquisition of Epsilon and welcome the team to the KT family of businesses. 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," said Dr. Hyeonmo Ku, CEO at KT Corp. "Epsilon provides great value with its Infiny platform and global network, which offers customers an agile approach to global networking. Both companies share a vision for global digital transformation and the power that digital platforms have to change industries."

Epsilon's Network as a Service (NaaS) platform Infiny provides businesses with a suite of high-performance connectivity and communications services at the click-of-a-button.

KT benefits from Epsilon's fully managed connectivity services with automation, orchestration and a comprehensive approach to end-to-end service delivery. Epsilon offers consistent and reliable connectivity to leading data centres, clouds and internet exchanges via its global private backbone network.

"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," said Michel Robert, Chief Executive Officer at Epsilon Telecommunications. "The acquisition is a logical next step for both businesses and a fantastic opportunity for customers, partners and internal teams."

KT gains connectivity to the world's leading communications and technology hubs in 41 cities, with extensive presence across the Asia-Pacific including Mainland China. With Epsilon's suite of connectivity solutions spanning cloud connectivity, ethernet (DCI), remote peering, access, SD-WAN, colocation and voice, KT is extending its capabilities to meet the changing demands from carriers, channel partners and enterprises across the globe.

ABOUT KT CORPORATION (KRX: 030200; NYSE: KT)

KT Corp., Korea's largest telecommunications/IPTV/IDC service provider, reestablished in 1981 under the Telecommunications Business Act, is leading the era of innovations in the world's most connected country upon its 100% nationwide coverage and 13 hyperscale data centers. In addition, KT has its international corporate entities or operations spanning Africa, Asia, Europe and the US with its 28 points of presence (Data and IP PoPs) in 12 countries globally and 2 international data centers backed by 20+ Tbps of capacity over 8 international subsea cable systems, KT has invested, around the globe in order to provide end-to-end data transmission and IP access services to international customers. The company is leading the 4th industrial revolution with high speed wire/wireless network and new ICT technology. KT launched the world's first nationwide commercial 5G network on April 3, 2019, after successfully showcasing the world's first trial 5G services at the PyeongChang Winter Olympic Games in February 2018. This is another milestone in KT's continuous efforts to deliver essential products and services as it aspires to be the number one ICT Company and People's Company.

For more information, please visit our English website at corp.kt./…om/eng/

ABOUT EPSILON TELECOMMUNICATIONS

Epsilon is a global connectivity provider that simplifies how businesses connect applications and data around the world and in the cloud. Its Network as a Service (NaaS) platform Infiny provides businesses with a suite of high-performance connectivity and communications services at the click-of-a-button.

Epsilon offers fully-managed connectivity services with automation, orchestration and a comprehensive approach to end-to-end service delivery, ensuring consistent and reliable connectivity to world's leading data centres, clouds and internet exchanges. Its services are powered by a carrier-grade global backbone with extensive presence across the Asia-Pacific including Mainland China.

Epsilon is headquartered in Singapore with offices in London and Sofia.

www.epsilontel.com

Source: Precious communications

S. Korea's KT Corp. Acquires Epsilon Telecommunications to Expand Global Presence and Accelerate Digital Transformation