GTT Communications sells its infrastructure division to I Squared Capital. The division consists of a pan-European, North American, and subsea fiber network and data center assets and associated infrastructure services provided to customers. The purchase price has not been disclosed.
A leading global cloud networking provider to multinational clients, GTT operates a global Tier 1 internet network and provides a comprehensive suite of cloud networking and managed solutions. GTT moves away from infrastructure ownership and maintenance to deepen its focus on serving the global enterprise market with a full array of cloud networking and managed solutions that include SD-WAN, security, internet, voice and other vital telecommunication services that enable digital business.
At the same time, I Squared Capital strengthens its global digital infrastructure investments in order to serve the increasing market demand for high performance networks and renames the operating company to EXA Infrastructure.