GTT changes leadership team after completing Interoute acquisition

Interoute reported revenues of €718m and adjusted EBITDA of €165m for the 12 months ending 30 September 2017.News and Business

GTT completed its Interoute acquisition this May, and the deal has now led to leadership changes after taking in hundreds of new European customers. Interoute’s global optical network connects 128 major cities across 31 countries, and it recently entered the Brazilian market to break its South American duck.

GTT has appointed Jesper Aagaard as its Europe division president, and he has responsibility for clients in continental Europe. Aagaard was formerly managing director for Interoute’s Nordics and Netherlands business.

And Martin Ford has been made the company’s UK division president, with responsibility for clients in the UK and Ireland and those in the Middle East, Africa and Asia-Pacific. Ford was previously GTT’s EMEA division president.

These divisions complement the Americas division led by Eric Warren and the Carrier division led by Jeff Beer. The Interoute takeover, for €1.9bn in cash, added 15 data centres, 17 virtual data centres and 51 colocation facilities to GTT’s global portfolio.

GTT says Interoute will improve its bottom line with 1,000 extra enterprise and carrier clients, with the majority of them in Europe. Interoute’s carrier clients include BT, Vodafone and AT&T. GTT also says the deal will enhance its software-defined wide area networking (SD-WAN) service and expand its cloud infrastructure, edge and hosted services portfolio.

Rick Calder, GTT CEO, said of the acquisition: “This combination creates a disruptive market leader with substantial scale, unique network assets and award-winning product capabilities to fulfil our clients’ growing demand for distributed cloud networking in Europe, the US and across the globe.”

Interoute reported revenues of €718m and adjusted EBITDA of €165m for the 12 months ending 30 September 2017.

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