GTT Communications, the leading global cloud networking provider to multinational clients, acquired Interoute, operator of one of Europe’s largest independent fiber networks, for $2.3bn. “The acquisition of Interoute represents a major milestone in delivering on our purpose of connecting people across organizations, around the world and to every application in the cloud,” said Rick Calder, GTT president and CEO. “Our enhanced scale, expanded network footprint and award-winning product capabilities reinforce our position as a global leader in cloud networking. We look forward to bringing the benefits of this acquisition to our valued clients across the world.”