datacenterknowledge.com: Europe Fiber Network Operators Shrug Off Pandemic to Seek Buyers

GTT Communications Inc. has kicked off a sale process of its infrastructure division, which could fetch as much as $2.5 billion, people with knowledge of the matter said. The McLean, Virginia-based company has sent out marketing materials to potential buyers of the assets, which include a high-speed network across Europe as well as data centers, according to the people.

The sale process is mostly attracting infrastructure-focused investment firms, the people said. Some of the assets were acquired by GTT through its $2.3 billion purchase of London-based Interoute in 2018.

Separately, London-focused internet service provider Community Fibre Ltd. asked for first-round bids this month, the people said. A sale could value the company at about 200 million pounds ($248 million), the people said, asking not to be identified because the information is private.

The company, based in Somerset, England, provides connectivity to student housing as well as business parks, industrial estates and serviced offices. Apart from the U.K., it also has operations in Ireland, Spain, Italy, Germany, Austria and the Netherlands, according to its website.

Glide, another European broadband network operator, is also working with an adviser as it seeks a buyer for the company, the people said. The sale could fetch around $200 million to $300 million, according to one of the people.

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