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GTT selling infrastructure division for $2.15 billion

2020-10-19 02:00:00| Total Telecom industry news

On Friday, GTT Communications announced its intentions to tell its infrastructure division to I Squared Capital for $2.15 billion.     The sale includes a multitude of assets, including a 103,000 km fibre network that spans 400 points of presence across 31 metro areas and 103 cities in Europe and North America…read more on TotalTele.com »

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GTT sells infrastructure division for USD 2.15 billion

2020-10-16 15:50:00| Telecompaper Headlines

(Telecompaper) GTT Communications said it has agreed to sell its infrastructure division to investment group I Squared Capital for USD 2.15 billion. GTT interim CEO Ernie Ortega said the divestment will enable the company to better focus on network investment and the development of high-speed infrastructure services. It will also reinforce GTT's capex light business model and its strategy to develop cloud networking.

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IndustryVoice: How to Accelerate E&P Innovation Without Infrastructure Constraints

2020-10-12 21:00:00| OGI

AWS provides an elastic and scalable cloud infrastructure to run HPC applications.

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Orange starts partial sale of rural FTTP infrastructure assets in France report

2020-10-12 10:30:00| Telecompaper Headlines

(Telecompaper) Orange has reportedly hired Credit Suisse to manage the partial sale of Orange Concessions, a new subsidiary that will own the open access fibre networks that the operator has been deploying in French rural areas. According to Les Echos, the first round of an auction will take place this week after the sale attracted several potential buyers. Interested parties include infrastructure investors such as Australian fund manager IFM and US firm I Squared, as well as a number of institutional investors based in France (CNP, Credit Agricole Assurances, Caisse des Depots, EDF Invest) and abroad (Singapore's GIC and Canadian CDPQ).

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Twilio to buy data infrastructure specialist Segment for USD 3.2 billion - report

2020-10-12 09:00:00| Telecompaper Headlines

(Telecompaper) Cloud communications specialist Twilio could soon announce its acquisition of data infrastructure company Segment for USD 3.2 billion in a cash and stock deal, Forbes reported, citing sources.

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