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GTT closes its $2.3B acquisition of European fiber network provider

Tysons-based GTT Communications Inc. has closed on its $2.3 billion cash purchase of Interoute, the operator of one of Europe’s largest private fiber networks.

GTT (NYSE: GTT), which provides cloud networking services to multinational clients, announced the deal to purchase London-based Interoute in February.

The acquisition expands GTT’s client base to more than 1,000 and its fiber footprint to 126 cities across 29 European countries.

“The acquisition of Interoute represents a major milestone in delivering on our purpose of connecting people across organizations, around the world and to every application in the cloud,” GTT President and CEO Rick Calder said in a statement. “Our enhanced scale, expanded network footprint and award-winning product capabilities reinforce our position as a global leader in cloud networking. We look forward to bringing the benefits of this acquisition to our valued clients across the world.”

GTT expects to complete the integration of Interoute…

Read the full story from the Washington Business Journal.