{"id":33733,"date":"2018-02-26T20:48:19","date_gmt":"2018-02-26T20:48:19","guid":{"rendered":"http:\/\/icloud.pe\/blog\/?guid=633274280bddd1bfcb7ae796e1f4832b"},"modified":"2018-02-26T20:48:19","modified_gmt":"2018-02-26T20:48:19","slug":"gtt-pays-1-7bn-for-interoutes-european-fibre-network","status":"publish","type":"post","link":"https:\/\/icloud.pe\/blog\/gtt-pays-1-7bn-for-interoutes-european-fibre-network\/","title":{"rendered":"GTT pays &pound;1.7bn for Interoute&#8217;s European fibre network"},"content":{"rendered":"<p><span class=\"field field-name-field-author field-type-node-reference field-label-hidden\"><br \/>\n      <span class=\"field-item even\"><a href=\"http:\/\/www.cloudpro.co.uk\/authors\/clare-hopping\">Clare Hopping<\/a><\/span><br \/>\n  <\/span><\/p>\n<div class=\"field field-name-field-published-date field-type-datetime field-label-hidden\">\n<div class=\"field-items\">\n<div class=\"field-item even\"><span class=\"date-display-single\">27 Feb, 2018<\/span><\/div>\n<\/p><\/div>\n<\/div>\n<p class=\"short-teaser\">\n<a href=\"http:\/\/www.cloudpro.co.uk\/\" title=\"\" class=\"combined-link\"><\/a><\/p>\n<div class=\"field field-name-body\">\n<p> GTT has announced it will buy cloud networking provider Interoute for\u00a0\u20ac1.9 billion (\u00a31.7 billion) in cash, adding an additional\u00a072,000km of fibre network coverage to its European operation.\u00a0<\/p>\n<p>The acquisition will also mean GTT is able to reach a much larger area, making use of Interoute&#8217;s\u00a0126 cities across 29 countries, plus its extensive resources, including\u00a015 data centres, 17 virtual data centres and 51 colocation facilities.<\/p>\n<p>GTT will also take onboard Interoute&#8217;s\u00a01,000 strategic enterprise and carrier clients, the majority of which reside in Europe, offering an enhanced selection of\u00a0infrastructure, edge and hosted services.<\/p>\n<p>\u201cThe acquisition of Interoute represents a major milestone in delivering on our purpose of connecting people, across organisations and around the world,\u201d said Rick Calder, GTT president and CEO.<\/p>\n<p>\u201cThis combination creates a disruptive market leader with substantial scale, unique network assets and award-winning product capabilities to fulfill our clients\u2019 growing demand for distributed cloud networking in Europe, the U.S. and across the globe.&#8221;<\/p>\n<p>Calder added the deal is estimated to close\u00a0in three to six months\u00a0and the businesses merged fully within three to four quarters. Many of Interoute&#8217;s employees, including its\u00a0sales, operations and customer service\u00a0teams will transfer to GTT, enhancing its existing resources on a global scale.<\/p>\n<p>\u201cThis is an exciting next chapter for Interoute, GTT, our customers and our team,\u201d added Gareth Williams, Interoute CEO. \u201cThe combined assets and strengths of our two companies create a powerful portfolio of high-capacity, low-latency connectivity, and innovative cloud and edge infrastructure services to support our customers in the global digital economy.\u201d <\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>      Clare Hopping<\/p>\n<p>        27 Feb, 2018    <\/p>\n<p>       GTT has announced it will buy cloud networking provider Interoute for\u00a0\u20ac1.9 billion (\u00a31.7 billion) in cash, adding an additional\u00a072,000km of fibre network coverage to its European operation.\u00a0<br \/>\nT&#8230;<\/p>\n","protected":false},"author":400,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-33733","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/33733","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/users\/400"}],"replies":[{"embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/comments?post=33733"}],"version-history":[{"count":1,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/33733\/revisions"}],"predecessor-version":[{"id":33734,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/33733\/revisions\/33734"}],"wp:attachment":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/media?parent=33733"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/categories?post=33733"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/tags?post=33733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}