Deal Snapshot
GTT TO ACQUIRE INTEROUTE FIBRE NETWORK FOR EUR 1.9BN
Wednesday 28 February 2018

Virginia, US-based cloud networking provider GTT Communications, Inc. (NYSE: GTT) has agreed to acquire fibre network and cloud networking platform provider Interoute for approximately EUR 1.9bn (USD 2.3bn) in a cash transaction, the company said.

The purchase price will be paid in cash at closing. GTT received committed debt financing for the transaction from a group of financial institutions and committed equity financing of USD 250m from GTT's largest institutional investor, Spruce House Partnership, and Acacia Partners.


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Details
Date Published: 28/02/2018
Target: Interoute
Country: USA
Deal Size: 2.3bn (USD)
Sector: Telecommunications
Type: Corporate acquisition
Financing: Cash
Status: Agreed
Vendor:
Buyer: GTT Communications
Buyer Advisor: Goodwin Procter
Comment:


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