By FDI Creative Services on 02/26/2018
Category: Security News

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

(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

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