GTT Interoute acquisition complete

Share this on social media:

GTT Communications has confirmed that its acquisition of Interoute – the operator of one of Europe’s largest independent fibre networks – is now complete.

The company first revealed that it had entered into a definitive purchase agreement to acquire the UK-based operator back in March, entering into a definitive purchase agreement in a deal worth approximately €1.9 billion (see GTT gains 72,000km European fibre network in €1.9 billion Interoute acquisition).

The addition of Interoute is expected to significantly augment the scale of the business, expanding GTT’s Tier 1 global IP network with one of Europe’s most extensive fibre footprints. The company is set to gain 72,000km of fibre optic in Europe, alongside more than 400 points of presence, across 126 cities in 29 countries. GTT also adds 15 data centres, 17 virtual data centres and 51 colocation facilities to its cloud platform.

GTT expects to complete the integration of Interoute within three to four quarters after closing. Rick Calder, GTT president and CEO explained: ‘The acquisition of Interoute represents a major milestone in delivering on our purpose of connecting people across organisations, around the world and to every application in the cloud.’

Image credit: Panchenko Vladimir/Shutterstock.com

13 January 2023

Image credit: Panchenko Vladimir/Shutterstock.com

24 November 2022

Image: Martial Red/shutterstock.com

24 November 2022

Recent News

03 February 2023

The terrestrial route measures 16,576 km and is designed to cater to the demand for more capacity from hyperscalers.

01 February 2023

The network provider aims to bring fibre broadband to an additional 30,000 customers in 2023.

25 January 2023

The market intelligence firm forecasts that the five-year cumulative revenue for optical transport equipment will reach $81bn by 2027

23 January 2023

The new infrastructure is designed to support superior user experiences and sustainable business growth