je.st
news
GTT sells infrastructure division for USD 2.15 billion
2020-10-16 15:50:00| Telecompaper Headlines
(Telecompaper) GTT Communications said it has agreed to sell its infrastructure division to investment group I Squared Capital for USD 2.15 billion. GTT interim CEO Ernie Ortega said the divestment will enable the company to better focus on network investment and the development of high-speed infrastructure services. It will also reinforce GTT's capex light business model and its strategy to develop cloud networking.
Tags: division
usd
billion
infrastructure
Category:Telecommunications