$2B Sale Signed By McLean’s GTT Communications
GTT Communications has signed an agreement to sell its infrastructure business to I Squared Capital, for $2.15 billion. GTT Communications is a McLean, Virginia-based telecommunications, internet, and cloud services provider while I Squared Capital is a Miami-based infrastructure investment company. GTT Communications stock spiked as much as 20% in New York Stock Exchange trading on the announcement Friday.Continue reading