Cloud networking company GTT to acquire Interoute in $2.3 billion deal

Britain’s big banks play catch up with fintech with new apps
February 26, 2018
U.S. cloud networking firm GTT to buy Europe’s Interoute for $2.3 billion
February 26, 2018
This post was originally published on this site

(Reuters) – U.S. cloud networking company GTT Communications Inc said on Monday it would buy European peer Interoute in an all-cash deal valued at about 1.9 billion euros, or $2.3 billion.

GTT said it will fund the deal with a combination of debt and equity, and that it expects to close the deal in three to six months.

Reporting by Munsif Vengattil in Bengaluru; Editing by Savio D’Souza