In this deal, I Squared Capital essentially gains “selected network and data center assets accumulated from several GTT acquisitions, including Interoute, Hibernia, and KPN International,” the seller says.
After nearly a year of waiting, GTT Communications has finally closed the sale of its infrastructure division to I Squared Capital, resulting in the creation of a new company called EXA Infrastructure.
The new company, which will be based in London, serves customers across 103,000 route kilometres of fibre that connects 300 cities. The network includes dense metropolitan footprints, connected by multiple inter-city routes and pan-continental subsea cables.
The new company is called Exa Infrastructure and it will be headquartered in London.
GTT Communications wrapped the $2.15 billion sale of its infrastructure division to I Squared Capital after nearly a year of waiting, giving rise to a new company called EXA Infrastructure which already has big plans for the data center connectivity market.
US private equity firm completes $2bn GTT deal and looks to expand EXA Infrastructure in Europe
GTT and I Squared Capital completed the acquisition and the investment firm immediately announced the creation of a new unit called EXA Infrastructure.
EXA Infrastructure, the most expansive dedicated digital infrastructure platform connecting Europe and North America, today unveiled a new brand and outlined its intentions to meet rising customer demand for core services after its acquisition by I Squared Capital.