IP-Only and GlobalConnect merged their businesses.

IP-Only, a Stockholm, Sweden-based provider of high capacity fiber based data communication and datacenter services announced that will merge its operations with GlobalConnect, a Copenhagen, Denmark-based provider of B2B data communication services in the Nordic market.

The deal, which has the financial details undisclosed, aims to create a leading Northern European fiber-based datacom provider and supplier of cloud enabling infrastructure.

Both companies are owned by the Swedish private equity firm EQT Partners.

In 2018 the two companies had combined revenues of approximately EUR 520 million and employ more than 1,500 people across the Nordics and Northern Germany.

IP-Only owns and operates approximately 16,000 km fiber-based network infrastructure that, together with leased lines, covers 230 out of 290 Swedish municipalities. The company today connects more than 200,000 homes and serves more than 3,000 business customers.

GlobalConnect is the leading alternative fiber-based data communication and data center services provider in Norway, Denmark and Northern Germany. In total, the company owns and operates approximately 42,000 km of fiber-based network and 18,000 sqm of data center space, used to offer a full range of communication infrastructure services including bandwidth connectivity, colocation and cloud infrastructure to a range of businesses. GlobalConnect has around 24,000 business customers and serves around 83,000 private customers in Norway through its Homenet brand.