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.
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…