Deals
Europe Fiber Network Operators Shrug Off Pandemic to Seek Buyers
- GTT sends out information on sale of infrastructure unit
- Community Fibre, Glide Group also starting auction processes
Photographer: Andrey Rudakov/Bloomberg
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At least three fiber-optic network operators are pushing ahead with divestments in Europe, as demand for infrastructure assets helps such companies shrug off the effects of the coronavirus pandemic.
GTT Communications Inc. has kicked off a sale process of its infrastructure division, which could fetch as much as $2.5 billion, people with knowledge of the matter said. The McLean, Virginia-based company has sent out marketing materials to potential buyers of the assets, which include a high-speed network across Europe as well as data centers, according to the people.