GTT acquires Interoute for $2.3 billion

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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.”