Tofane Global, the leading communications solutions group enabling operators and digital players worldwide, confirmed on February 8 the closing of its acquisition of iBASIS, formerly a Royal KPN N.V. company.
In September 2018, CICLAD took part in the acquisition of the Altice Europe N.V. international voice carrier businesses in France, Portugal, and the Dominican Republic, by Tofane Global, spearheaded by its CEO, Alexandre Pébereau. With this new transaction, CICLAD has increased its stake in the group. Tofane Global now owns and operates all companies, which will be consolidated under the new iBASIS, rebranded to launch at closing. As a result, the group represents an estimated USD 1+ billion in annual revenue, becomes the third largest wholesale voice operator, services 1,000+ customers worldwide, and brings together 300 employees across 18 offices on four continents.
iBASIS will retain its long-standing partnership with KPN for voice, roaming, mobile data, transmission, and IoT. Both Altice Europe N.V. and iBASIS customers immediately benefit from the strength of combined markets coverage, voice volumes, and expanded portfolio of mobile data and Internet of Things solutions.
“We are proud we’ve closed both transactions and created the Top 3 independent carrier. We are bringing together complementary global footprints, deep commitment to innovation, and Tier 1 capabilities, and are now positioned to empower our customers’ performance and transformation strategies worldwide,” comments Alexandre Pébereau, Group CEO.