GTT Communications, Inc. (NYSE: GTT), a McLean, Va.-based global cloud networking provider to multinational clients, completion its acquisition of Interoute, a London, UK-based operator of one of Europe’s largest independent fiber networks.
The amount of the deal was not disclosed.
Led by Rick Calder, president and CEO, GTT owns and operates a global Tier 1 internet network and provides a comprehensive suite of cloud networking services to any location in the world.
The addition of Interoute augments scale, expanding its Tier 1 global IP network with one of Europe’s most extensive fiber footprints, creates a comprehensive and competitive global cloud networking platform, adds a large base of marquee multinational clients, balanced across geographies and verticals, with very high levels of recurring revenue; strengthens GTT’s leadership in software-defined wide area networking (SD-WAN); and enhances GTT’s global team with a world-class sales, operations and customer service organization.
GTT expects to complete the integration of Interoute within three to four quarters after closing.