Interoute
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GTT, which almost collapsed in 2021 thanks to a mountain of debt, has completed its financial restructuring process and emerged from its chapter 11 cases – plural. -
Exa Infrastructure, the US-owned company that owns the networks once belonging to GTT, is adding 1,400km to the 7,000km network expansion it announced in May.
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Exa Infrastructure, the company that last month took over GTT Communications’ infrastructure, has upgraded two-thirds of its network to 400Gbps.
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Microsoft has quietly added voice calls to its Teams package. now, no one will need a fixed-line phone on their desk, writes Alan Burkitt-Gray
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Martijn Blanken has crossed the world from Sydney to take charge of what’s now Exa Infrastructure. Under new ownership, it used to be Interoute, Hibernia Networks and other companies. He talks to Alan Burkitt-Gray
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The investor that owns HGC Global Communications and the former infrastructure division of GTT Communications is to spend up to US$500 million in renewable energy in Europe.
Forthcoming events
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Martijn Blanken, formerly of Telstra, has become the new CEO of what was the infrastructure division of GTT Communications.
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The New York Stock Exchange is delisting GTT Communications’ shares as, at the same time, doubts are cast on the company’s plan to sell its infrastructure division for more than US$2 billion.
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US carrier GTT, which bought European infrastructure company Interoute for US$2.3 billion three years ago, has signed a major UK-based cloud deal.
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Shares in GTT Communications plunged 29% yesterday as rumours spread that the company is considering a pre-packaged bankruptcy filing to reduce its debt.
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Epsilon has a new CEO, and at the same time much of the top management team has changed. Alan Burkitt-Gray asks Michel Robert what he plans to do
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Lee Myall has left Epsilon, where he was chief commercial officer, and is now CEO of data centre operator Kao Data.
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The investment company that is buying the infrastructure division of GTT for US$2.15 billion will be expanding the business, which includes the infrastructure and data centre operations of the former Interoute, as will as Hibernia Networks and the former KPN International.
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The US private equity company that already owns Hong Kong’s HGC Global Communications has bought the infrastructure division of GTT for US$2.15 billion.
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A former CFO of BT has had his honour removed, 10 years after he left the company and eight years after being convicted of insider trading.
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In its first public statement for months, GTT has confirmed the names of the bidders for its infrastructure division – and adds that the sum involved is US$2.15 billion.
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A consortium of three bidders is in “advanced talks” to buy the former Interoute and possibly also Hibernia Networks for more than US$2 billion, according to reports last night.
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The banks handling the planned sale of GTT Communications’ so-called Apollo infrastructure unit – the former Interoute and Hibernia Networks – have received two bids, Capacity understands.
