I Squared Capital, a private equity firm, completed the acquisition of the infrastructure division of GTT Communications, a cloud networking services provider, for $2.15bn. “This is a major milestone for GTT as we move away from infrastructure ownership and maintenance to deepen our focus on serving the global enterprise market with a full array of cloud networking and managed solutions that include SD-WAN, security, internet, voice and other vital telecommunication services that enable digital business,” Ernie Ortega, GTT CRO and CEO.