GTT Communications announced the launch of a new brand called Exa Infrastructure after completing the USD 2.15 billion sale of its infrastructure division to I Squared Capital. The new London-headquartered company claims to be the largest dedicated digital infrastructure platform connecting Europe and North America, supporting 1,500 customers across 103,000 kilometres of fibre network that connects 300 cities.
The network features more than 500 Points of Presence spanning 31 countries, 14 Tier 3-equivalent data centres and 300 co-location facilities, as well as three wholly-owned transatlantic subsea cables including what is described as the lowest latency route between Europe and North America. Exa will be headed by former Telstra Global CEO Martijn Blanken, with around 420 employees joining from GTT, which will now focus on its core cloud networking business.
The infrastructure operated by Exa largely results from GTT’s earlier acquisitions of Interoute, Hibernia Networks and KPN International. Earlier this month, GTT confirmed plans to enter Chapter 11 bankruptcy after completing the sale of its infrastructure division.
I Squared Capital, meanwhile, has committed a total of over USD 3 billion to digital infrastructure following its recent acquisition of assets from Ezee Fiber in Texas and KIO Networks in Mexico.
