I Squared Capital Acquires GTT's Infrastructure Division for $2.15 Billion
October 16, 2020
I Squared Capital agreed to acquire GTT Communications' infrastructure division for $2.15 billion. The sale transfers a global fiber network, transatlantic subsea cables and data center/colocation assets to I Squared (later relaunched as EXA Infrastructure), allowing GTT to refocus on its capex‑light cloud networking business.
- Buyers
- I Squared Capital
- Targets
- GTT infrastructure division (assets including Interoute, Hibernia and KPN International assets; later relaunched as EXA Infrastructure)
- Sellers
- GTT Communications, Inc.
- Platforms
- EXA Infrastructure
- Industry
- Telecommunications
- Location
- Virginia, United States
- Transaction Type
- Divestiture
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