OPTICO COMMUNICATION (focuses on the development of fiber optic product lines and provides a comprehensive solution to the fiber connectivity system components. The GTT added that it is expected that the transaction will be completed within six months and that it will take up to one year to integrate the company's respective services. This combination has created a subversive market leader with huge scale, unique network assets and award-winning product features, to meet our customers' growing demand for Europe, the United States and globally distributed cloud networks." Rick Calder, President and CEO of GTT, stated: "The acquisition of Interoute is an important milestone in achieving our goal of connecting people, organizations, and people worldwide. and Anna Dodson in Boston and included partners James Barri, Simon Fulbrook, Janet Andolina, counsel Melissa Schwab Wright, and associates Reid Bagwell, Dylan Brown, Dennis O’Reilly, Richard Hughes, Tessa Parkes and Kyle Pine.įor additional details on the acquisition, please read the press release.GTT acquires Interoute, the largest fiber optic network operator in Europe, for US$2.3 billionįebruary 27 news, according to media reports, the US telecommunications company and Internet provider GTT Communications will purchase the European fiber network operator Interoute for US$2.3 billion.Īccording to Bloomberg's report last year, London-based Interoute operates one of the largest fiber optic networks and associated cloud services in Europe, covering more than 70,000 kilometers and 29 countries. The Goodwin Private Equity team was led by partners Gemma Roberts in London, Jay Schifferli in Washington, D.C. Interoute is the owner-operator of one of Europe’s largest networks and a global cloud services platform, which encompasses 15 data centers, 17 virtual data centers and 51 colocation centers, with connections to over 195 additional third-party data centers across Europe. provides multinationals with a better way to reach the cloud through its suite of cloud networking services, including wide area networking, internet, optical transport, managed services, voice and video services. The network includes over 400 points of presence, spanning 24 metro areas and interconnecting 126 cities across 29 countries. The acquisition significantly augments GTT’s scale, expanding its Tier 1 global IP network with one of Europe’s most extensive fiber footprints.
The transaction is expected to close in three to six months, subject to customary regulatory approvals. GTT received, in connection with the transaction including refinancing certain existing debt, commitments for debt financing from a group of financial institutions of $3.07 billion and commitments for equity financing of $250 million from GTT’s largest institutional investor, The Spruce House Partnership, and Acacia Partners. The acquired business is a division of telco KPN NV. GTT reports the acquisition extends its worldwide network, expands its cloud networking services and increases its multinational client base and adds talent to its sales force. US global cloud networking provider GTT Communications is acquiring Dutch-headquarterd KPN International for 50m, to allow it to better compete with the likes of BT Global Services and Orange Business Services in the European enterprise connectivity space. mobile phone manufacturers, network operators, antenna manufacturers and other providers of wireless solutions. The purchase price will be paid in cash at closing. GTT Communications Tuesday announced it entered into an agreement to acquire One Source Networks, an Austin-based telecommunications company, for 175 million. Bluetest acquires Gefle Testteknik (GTT). Trusts + Estate Planning Advisory ServicesĪ Goodwin cross-border team represented GTT Communications (NYSE: GTT) in its announced definitive purchase agreement to acquire Interoute for approximately €1.9 billion ($2.3 billion) in cash.Trade Secrets, Employee Mobility + Non-Competes.Strategic Technology Transactions and Licensing.Special Purpose Acquisition Companies (SPACs).Real Estate Acquisitions + Dispositions.Proposition 65 + Food Labeling Litigation.
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