Global Crossing said the acquisition of the Latin American operator would boost its customer base by about 4,500.
Impsat’s networks include fiber-optic and wireless links, teleports, earth stations and leased satellite links, which make up 15 metropolitan area networks in some of the largest cities in Latin America.
Florham Park, New Jersey-based Global Crossing said it would pay $95m in cash for Impsat, as well as $241m worth of debt assumption.
The deal is expected to add more than $270m in revenue per annum after integration. The deal is expected to close in the first quarter of 2007.
Separately, Global Crossing said it had obtained $95m in financing from ABN Amro to fund its previously announced acquisition of Fibernet Group plc in the United Kingdom.
