GTT acquires Interoute for $2.3 billion

LazrSPEED 550 WideBand Multimode Fiber
GTT Communications is set to acquire Interoute, an operator of fiber networks and cloud networking platforms in Europe, for $2.3 billion in cash.

The Interoute network includes over 400 points of presence, spanning 24 metro areas and interconnecting 126 cities across 29 countries.

The acquisition strengthens GTT’s leadership in software-defined wide area networking (SD-WAN) with expanded capabilities.

GTT will add 15 data centers, 17 virtual data centers and 51 colocation facilities, enhancing its cloud connectivity platform.

GTT will be adding over 1,000 enterprise and carrier clients, primarily headquartered in Europe.

Rick Calder, GTT president and CEO, said: “This combination creates a disruptive market leader with substantial scale, unique network assets and award-winning product capabilities to fulfill our clients’ growing demand for distributed cloud networking in Europe, the U.S. and across the globe.”

Latest

More like this
Related

Mexico’s Broadband Market Sees Fiber Expansion but Still Trails Regional Peers in Speed

Mexico’s fixed broadband market is undergoing a major shift...

$500 bn B2B Opportunity for Telecom Operators: GSMA Highlights Enterprise Digital Transformation Market Growth

GSMA Intelligence estimates a $500 billion opportunity for telecom...

10 Steps for Enhancing Digital India: Driving Growth, Innovation, and Inclusion

India’s Digital India initiative has become a cornerstone of...

Best and Worst Airport Wi-Fi in the Middle East: Riyadh Leads, Istanbul Lags

Wi-Fi performance across major airports in the Middle East...