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.’

Company: 

Related news

Recent News

22 January 2021

Transport and access equipment vendor, DZS has signed a definitive agreement to acquire networking solution provider, Optelian.

21 January 2021

Orange is to build a new generation submarine cable connecting France to the United States.

19 January 2021

Lumentum is to acquire Coherent for $5.7bn, bringing the latter’s photonics and lasers businesses into the former’s telecom, datacom, and 3D sensing photonics businesses.

15 January 2021

Cisco and Acacia Communications have now reached an agreement regarding their proposed merger, with an amendment to the original agreement