 Frode Greisen became the general manager while Peter Löthberg served as de facto architect.In 1996 the consortium was transformed into the Ebone Association which again established a private limited company Ebone Inc. based in Denmark.In 1998 the Ebone Association sold 75% of the company to Hermes Europe Railtel, and in 1999 the remaining 25% was bought by Global Telesystems Group Inc. (GTS) which had then acquired Hermes Europe Railtel.