GTT Paying $2.3 Billion for Interoute's Europe Fiber Network, Data Centers (FB)
GTT Communications agreed to acquire Interoute Communications for 1.9 billion euros 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, spanning 29 countries. GTT also picks up 15 data centers, boosting its cloud storage and data-exchange holdings in Europe. The purchase price tops the 1.65 billion-euro value that insiders estimated Interoute could be worth in October.