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GTT buys Global Capacity for USD 100 mln, plus shares

2017-06-27 08:53:00| Telecompaper Headlines

(Telecompaper) Cloud networking provider GTT Communications (GTT) has agreed to buy Global Capacity, a provider of network connectivity systems aimed at helping companies connect to cloud and business destinations, for USD 100 million in cash and 1.85 million GTT shares. The acquisition is expected to close by the end of third quarter, subject to the usual regulatory approvals and closing conditions. GTT will fund the cash portion of the deal with funds from the debt offering completed in May. After integration, GTT CEO Rick Calder expects the combined company will achieve the company's previously announced financial objective of USD 1 billion in revenue and USD 250 million in adjusted EBITDA.

Tags: global capacity usd shares

 

Grenfell Tower: Cladding firm ends global sales for tower blocks

2017-06-26 21:23:59| BBC News | Business | UK Edition

The cladding was used on Grenfell Tower, where at least 79 are feared to have died in a fire.

Tags: sales global firm ends

 
 

EPA Approves SCS Global Services As Third Party Certifier for Formaldehyde Emission Standards

2017-06-26 20:26:00| Coatings World Breaking News

Tags: services party global standards

 

New Report Studies Global Diaper Market

2017-06-26 17:23:00| Nonwovens Industry Breaking News

Market expected to reach $79.94 billion by 2021

Tags: report market global studies

 

Global news roundup

2017-06-26 17:16:00| Daily apparel & textile news and comment - from just-style.com

The following is a round-up of apparel and footwear news from the world's local media.

Tags: news global roundup global news

 

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