Deals
GTT Paying $2.3 Billion for Interoute's Europe Fiber Network
- Deal gives U.S. company one of region’s biggest fiber networks
- Purchase price tops what insiders said company may be worth
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GTT Communications Inc. agreed to acquire Interoute Communications Ltd. for 1.9 billion euros ($2.3 billion) in cash to gain control of one of the largest independent fiber and cloud-networking platforms in Europe.
The acquisition gives McLean, Virginia-based GTT about 72,000 fiber-route kilometers (44,738 miles), spanning 29 countries, according a statement Monday. GTT also picks up 15 data centers, boosting its cloud storage and data-exchange holdings in Europe.